A steel erector company has a Worker's Compensation classification code of 2234, or a premium of $67.67 per $100.00 labor. If the company has an EMR of 0.9, the company will pay $ for every $100,000 of payroll. The bond cost for a $3,500,000 Class B Contract is $ .00. A steel erector company has a Worker's Compensation classification code of 2234, or a premium of $67.67 per $100.00 labor. If the company has an EMR of 0.9, the company will pay $ for every $100,000 of payroll. The bond cost for a $3,500,000 Class B Contract is $ .00