Question 1

How much does workers' comp cost for Construction Material - Used in Colorado?

Accepted Answer

The current rate for Construction Material - Used (Class Code 8227) in Colorado is $5.12 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2560 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Colorado?

Accepted Answer

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

Question 3

How does Colorado's rate compare to other states?

Accepted Answer

Colorado's rate for Construction Material - Used is $5.12, which is $1.02 below the national average of $6.14 (-17%).

Question 4

What does class code 8227 cover?

Accepted Answer

Covers employees of businesses dealing in salvaged or used construction materials and building components.

State	Rate per $100	Difference
Colorado (current)	$5.12	—
Indiana	$4.49	-0.63
Texas	$4.72	-0.40
Virginia	$4.77	-0.35
Utah	$4.89	-0.23
Arkansas	$5.06	-0.06

Workers' Comp Rate for Construction Material - Used in Colorado (Class Code 8227)

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