Question 1

How much does workers' comp cost for Drug Store in Arkansas?

Accepted Answer

The current rate for Drug Store (Class Code 8047) in Arkansas is $0.84 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $420 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 Drug Store is $0.84, which is $0.17 below the national average of $1.01 (-17%).

Question 4

What does class code 8047 cover?

Accepted Answer

Covers employees of pharmacies and drug stores dispensing medications and selling health-related merchandise.

State	Rate per $100	Difference
Arkansas (current)	$0.84	—
Indiana	$0.74	-0.10
Texas	$0.78	-0.06
Virginia	$0.79	-0.05
Utah	$0.81	-0.03
Colorado	$0.85	+0.01

Workers' Comp Rate for Drug Store in Arkansas (Class Code 8047)

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