Question 1

How much does workers' comp cost for Yarn/Thread Manufacturing in Alaska?

Accepted Answer

The current rate for Yarn/Thread Manufacturing (Class Code 2220) in Alaska is $4.26 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2130 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Alaska?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Alaska for all employers with at least one employee.

Question 3

How does Alaska's rate compare to other states?

Accepted Answer

Alaska's rate for Yarn/Thread Manufacturing is $4.26, which is $1.06 above the national average of $3.20 (+33%).

Question 4

What does class code 2220 cover?

Accepted Answer

Covers workers in facilities manufacturing yarn, thread, and similar textile products from raw fibers.

State	Rate per $100	Difference
Alaska (current)	$4.26	—
Indiana	$2.34	-1.92
Texas	$2.46	-1.80
Virginia	$2.49	-1.77
Utah	$2.55	-1.71
Arkansas	$2.64	-1.62

Workers' Comp Rate for Yarn/Thread Manufacturing in Alaska (Class Code 2220)

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