Question 1

How much does workers' comp cost for Hospital - Professional Employees in Colorado?

Accepted Answer

The current rate for Hospital - Professional Employees (Class Code 8833) in Colorado is $2.54 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $1270 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 Hospital - Professional Employees is $2.54, which is $0.50 below the national average of $3.04 (-16%).

Question 4

What does class code 8833 cover?

Accepted Answer

Covers professional hospital employees including physicians, nurses, and allied health professionals.

State	Rate per $100	Difference
Colorado (current)	$2.54	—
Indiana	$2.22	-0.32
Texas	$2.34	-0.20
Virginia	$2.37	-0.17
Utah	$2.42	-0.12
Arkansas	$2.51	-0.03

Workers' Comp Rate for Hospital - Professional Employees in Colorado (Class Code 8833)

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