Utah Workers' Compensation Fee Schedule 2017: What Employers Need to Know

Overview of the 2017 Fee Schedule

The Utah Workers' Compensation Commission released its 2017 fee schedule in early 2016, setting rates for employers and adjusting the formula that determines annual premiums. The schedule applies to all covered workers in the state, from sole proprietors to large corporations.

Rate Structure and Key Figures

The schedule lists rates by industry classification, expressed as a percentage of the insured payroll. For example, retail trade typically sees rates around 2.8% of payroll, while construction averages 6.5%. These percentages are multiplied by the employer's payroll for each insured employee to calculate the annual premium.

Calculating Premiums: A Practical Example

Assume a small retail shop pays $50,000 annually to a single employee. With a 2.8% rate, the premium equals $1,400. If the shop hires another worker earning $45,000, the total payroll is $95,000; the premium becomes $2,660. Adding administrative fees and any applicable surcharge yields the final amount payable to the insurance carrier.

Adjustments and Surcharges

In 2017, the Commission introduced a 1.5% surcharge for businesses with more than 100 employees and a 0.75% surcharge for those in high‑risk sectors like mining. Employers must also account for a 0.5% administrative fee applied to the entire premium.

Implications for Small Businesses and SEO

Accurate premium calculations help small businesses budget effectively and avoid under‑insurance. For local SEO, highlighting cost‑effective coverage options and demonstrating understanding of the fee schedule can attract clients seeking transparent pricing. Google My Business listings that mention "Utah workers' comp rates" and "affordable coverage" perform better in local searches.

How to Access Updated Schedules

The Utah Workers' Compensation Commission publishes annual updates online. Employers should download the latest PDF from the Commission's website or consult their insurer for the most recent schedule. Staying current ensures compliance and accurate cost forecasting.

Key Takeaways

• 2017 rates are industry‑specific percentages of payroll.
• Surcharges apply to high‑risk or large‑size businesses.
• Small employers can use the schedule to benchmark costs and optimize local search visibility.