Division of Payroll

It has been held by many underwriters that classifications and rates for workmen's compensation insurance should apply only to industries as a whole, and that each risk should be written at a single rate, representing as accurately as possible, the average cost of carrying the insurance for that particular industry. This system, while making for simplification in both underwriting and statistics, would be most inequitable, as nearly every individual risk is bound to have conditions surrounding its operations, which are not found in others of a generally similar character.