Question 1

How much does workers' comp cost for Boat Building - Wood in Arkansas?

Accepted Answer

The current rate for Boat Building - Wood (Class Code 7335) in Arkansas is $6.60 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $3300 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Arkansas?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Arkansas for employers with 3 or more employees.

Question 3

How does Arkansas's rate compare to other states?

Accepted Answer

Arkansas's rate for Boat Building - Wood is $6.60, which is $1.41 below the national average of $8.01 (-18%).

Question 4

What does class code 7335 cover?

Accepted Answer

Covers workers building and repairing wooden boats including hull construction, finishing, and restoration.

State	Rate per $100	Difference
Arkansas (current)	$6.60	—
Indiana	$5.85	-0.75
Texas	$6.15	-0.45
Virginia	$6.23	-0.37
Utah	$6.38	-0.22
Colorado	$6.68	+0.08

Workers' Comp Rate for Boat Building - Wood in Arkansas (Class Code 7335)

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