The North Carolina Rate Bureau filing approved by the Commissioner of Insurance for 1 April 2026 lowers average workers compensation loss costs by 7.8% against the year before (NCRB Circular C-25-11, 6 October 2025). Loss costs are only one part of your premium, so two contractors on the same payroll can pay very different amounts. We shop North Carolina workers comp across our carriers and read your experience modification with you.
Question 1 of 4
Businesses that switch through F.P. Wilson often save 30% or more on their workers comp premium.
Savings vary by class code, payroll and loss history. Nothing here is a quote and no savings are guaranteed.
Three quick questions, then where to send it. No cost, no obligation to switch.
One carrier, one set of rates, one class code interpretation. Nobody is checking whether another carrier writes your trade more cheaply.
Convenient billing tied to payroll, but the cover is usually one packaged product. Class codes and experience modification rarely get a close read.
We take your payroll, class codes and loss history to several North Carolina carriers, then put the options in writing before your renewal date.
Answer three questions about your North Carolina payroll and current cover.
A licensed agent reviews your current policy, class codes and experience modification.
You get options in writing before your renewal.
Ask about dividend and captive programs. Safety focused North Carolina businesses can see 50% to 70% of premium returned.
Savings vary by class code, payroll and loss history. Nothing here is a quote and no savings are guaranteed.
Experience rating in North Carolina looks at three years of your payroll and loss data and compares your record with other employers doing the same kind of work. The result is a single factor applied to your premium.
A factor under 1.00 is a credit, so it lowers your premium. A factor over 1.00 is a debit, so it raises it. Small claims that closed years ago can still be sitting in the calculation, which is why it is worth reading line by line.
Experience rating applies once your average annual premium reaches the North Carolina Rate Bureau threshold: $15,000 for the most recent policy year, or $7,500 average over the most recent two years, for rating dates from 1 April 2026.
Source: North Carolina Rate Bureau, Experience Rating Plan and Experience Modification Calculator.
F.P. Wilson Insurance Services, Inc., 511 Shepherd Street, Suite 102, Winston-Salem, North Carolina 27103. An independent agency serving the Piedmont Triad since 1998, led by Fletcher P. Wilson, CIC, with a commercial lines team of two producers.
It takes about a minute, and a licensed North Carolina agent takes it from there.