Question 1

How much does workers' comp cost for Hardware Store - Wholesale in Colorado?

Accepted Answer

The current rate for Hardware Store - Wholesale (Class Code 8010) in Colorado is $2.31 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $1155 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 Hardware Store - Wholesale is $2.31, which is $0.47 below the national average of $2.78 (-17%).

Question 4

What does class code 8010 cover?

Accepted Answer

Covers wholesale hardware and industrial supply store employees.

State	Rate per $100	Difference
Colorado (current)	$2.31	—
Indiana	$2.03	-0.28
Texas	$2.13	-0.18
Virginia	$2.16	-0.15
Utah	$2.21	-0.10
Arkansas	$2.29	-0.02

Workers' Comp Rate for Hardware Store - Wholesale in Colorado (Class Code 8010)

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