What is the total workers' compensation rate for a contractor who pays different rates based on payroll classifications?

The total workers' compensation rate for a contractor who pays different rates based on payroll classifications is determined by considering how various job classifications within the business may carry different risks associated with injury, thus leading to varying rates.

When a contractor has multiple classifications with different rates, the final rate will often reflect this diversity and complexity. This can result in a higher total due to the aggregation of rates from various classifications resulting in potential overall costs that exceed $600.

In the context of workers' compensation, it is common for contractors to have their rates calculated based on their total payroll and the nature of the work performed, which likely leads to higher premiums, especially if certain classifications are deemed riskier. Therefore, indicating that the total rate is more than $600 aligns with the understanding that multiple classifications can lead to an increased rate reflecting the greater risk and potential liabilities involved.