Massachusetts Construction Classification Premium Adjustment Program
For eligible employers in the construction industry, the Construction Classification Premium Adjustment Program provides up to a 25% credit to standard Workers’ Compensation premiums.
Calculate What The Program Could Save You
Find your Q3 Workers’ Comp quarterly statement. Then, enter the following information into the Knight-Dik construction credit calculator:
– Total dollar amount of regular pay for Q3 (not including overtime pay)
– Total number of Q3 hours worked by employees (not including overtime hours)
– Your company’s SIC classification code
If your business is classified under any of the 67 types of construction class codes listed for Massachusetts and is eligible for an experience rating, the Premium Adjustment Program is open to you.