Worker's compensation insurance premiums:
A)Are the same amount for all employees of a company,regardless of employee task.
B)Are remitted in full at the end of the year to ensure accuracy.
C)Are mandated by the Fair Labor Standards Act.
D)Are governed by state laws and vary according to worker job classification.

Question

Quizplus · Accepted Answer

Workers' compensation insurance premiums vary according to worker job classification and are governed by state laws. The risk level associated with different types of jobs determines the premium amount. This means that premiums for employees in high-risk jobs will generally be higher than those in lower-risk jobs. Options A, B, and C are incorrect as they do not accurately describe how workers' compensation insurance premiums work.

Worker's Compensation Insurance Premiums