Does this even register when it comes to the insurance costs for players?

How does the system work in the US? In Canada, premiums are capped. In some industries, workers comp can become a significant portion of their 'soft costs'. Premiums of 2.5% (slightly above the average), but insurable earning are capped at under $100K. If you're making $50K/yr, that $1250 matters. If you're making a million, premiums of $2500 don't show up on the radar.