Question 1

How much does workers' comp cost for Financial Advisor in Arkansas?

Accepted Answer

The current rate for Financial Advisor (Class Code 8841) in Arkansas is $0.15 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $75 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 Financial Advisor is $0.15, which is $0.03 below the national average of $0.18 (-17%).

Question 4

What does class code 8841 cover?

Accepted Answer

Covers financial advisors and planners providing investment, retirement, and wealth management advice to clients.

State	Rate per $100	Difference
Arkansas (current)	$0.15	—
Indiana	$0.13	-0.02
Texas	$0.14	-0.01
Utah	$0.14	-0.01
Virginia	$0.14	-0.01
Colorado	$0.15	0.00

Workers' Comp Rate for Financial Advisor in Arkansas (Class Code 8841)

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