The current work-related injury insurance rate is determined according to the Notice on Work-related Injury Insurance Rate in 2003 (issued by the former Ministry of Labor and Social Security jointly with the Ministry of Finance, the Ministry of Health and the General Administration of Work Safety [2003] No.29). The circular divides the national economy industries into three categories, and determines different rates according to the risk differences of the three industries. There is no benchmark rate in all industries, and the average payment rate is about 1% of employees' wages. The first type of industry is less risky, such as finance and insurance, commerce, catering, post and telecommunications, broadcasting, etc. , the benchmark interest rate is 0. About 5%; The second type of industries are medium-risk industries, such as agriculture, forestry, water conservancy and general manufacturing, and the benchmark rate is about1%; The three types of industries are risky industries, such as oil exploration and processing, mining and processing. The benchmark interest rate is about 2%. Among the three types of industries, one type of industry does not float; Employers in the secondary and tertiary industries implement floating rates, which fluctuate once every 1 ~ 3 years according to the employer's use of work-related injury insurance funds, the incidence of work-related injuries, the degree of occupational hazards and other factors. The specific floating method is: on the basis of the industry benchmark rate, you can float up and down two gears. The first gear is 120% of the industry benchmark rate, and the second gear is150%; The first gear is 80% of the benchmark rate of this industry, and the second gear is 50%.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.