Workers' Comp Rates for Financial Advisor (Class Code 8841)
Description
Covers financial advisors and planners providing investment, retirement, and wealth management advice to clients.
Common Businesses
Financial planning firmsWealth management officesRetirement planning servicesIndependent financial advisors
Hazard Group
A
National Avg Rate
$0.18
per $100 payroll
Most Expensive States
- New York$0.25
- Alaska$0.24
- California$0.23
Rates by State for Class Code 8841
| State | Rate per $100 | vs. National Avg | Effective |
|---|---|---|---|
| Indiana | $0.13 | -0.05 | 2026-01-01 |
| Texas | $0.14 | -0.04 | 2026-01-01 |
| Utah | $0.14 | -0.04 | 2026-01-01 |
| Virginia | $0.14 | -0.04 | 2026-01-01 |
| Arkansas | $0.15 | -0.03 | 2026-01-01 |
| Colorado | $0.15 | -0.03 | 2026-01-01 |
| North Dakota | $0.15 | -0.03 | 2026-01-01 |
| Tennessee | $0.15 | -0.03 | 2026-01-01 |
| Arizona | $0.16 | -0.02 | 2026-01-01 |
| Idaho | $0.16 | -0.02 | 2026-01-01 |
| Kansas | $0.16 | -0.02 | 2026-01-01 |
| Mississippi | $0.16 | -0.02 | 2026-01-01 |
| Nebraska | $0.16 | -0.02 | 2026-01-01 |
| North Carolina | $0.16 | -0.02 | 2026-01-01 |
| South Dakota | $0.16 | -0.02 | 2026-01-01 |
| Wyoming | $0.16 | -0.02 | 2026-01-01 |
| Iowa | $0.17 | -0.01 | 2026-01-01 |
| Kentucky | $0.17 | -0.01 | 2026-01-01 |
| New Mexico | $0.17 | -0.01 | 2026-01-01 |
| Ohio | $0.17 | -0.01 | 2026-07-01 |
| South Carolina | $0.17 | -0.01 | 2026-01-01 |
| Alabama | $0.18 | +0.00 | 2026-01-01 |
| Georgia | $0.18 | +0.00 | 2026-01-01 |
| Maryland | $0.18 | +0.00 | 2026-01-01 |
| Minnesota | $0.18 | +0.00 | 2026-01-01 |
| Missouri | $0.18 | +0.00 | 2026-01-01 |
| Nevada | $0.18 | +0.00 | 2026-01-01 |
| New Hampshire | $0.18 | +0.00 | 2026-01-01 |
| Oregon | $0.18 | +0.00 | 2026-01-01 |
| West Virginia | $0.18 | +0.00 | 2026-01-01 |
| Delaware | $0.19 | +0.01 | 2026-01-01 |
| Maine | $0.19 | +0.01 | 2026-01-01 |
| Michigan | $0.19 | +0.01 | 2026-01-01 |
| Rhode Island | $0.19 | +0.01 | 2026-01-01 |
| Vermont | $0.19 | +0.01 | 2026-01-01 |
| Wisconsin | $0.19 | +0.01 | 2026-01-01 |
| District of Columbia | $0.20 | +0.02 | 2026-01-01 |
| Florida | $0.20 | +0.02 | 2026-01-01 |
| Illinois | $0.20 | +0.02 | 2026-01-01 |
| Massachusetts | $0.20 | +0.02 | 2026-01-01 |
| Montana | $0.20 | +0.02 | 2026-01-01 |
| Oklahoma | $0.20 | +0.02 | 2026-01-01 |
| Washington | $0.20 | +0.02 | 2026-01-01 |
| Connecticut | $0.21 | +0.03 | 2026-01-01 |
| Louisiana | $0.21 | +0.03 | 2026-01-01 |
| Hawaii | $0.22 | +0.04 | 2026-01-01 |
| New Jersey | $0.22 | +0.04 | 2026-01-01 |
| Pennsylvania | $0.22 | +0.04 | 2026-01-01 |
| California | $0.23 | +0.05 | 2026-01-01 |
| Alaska | $0.24 | +0.06 | 2026-01-01 |
| New York | $0.25 | +0.07 | 2026-01-01 |