Question 1

How much does workers' comp cost for Iron or Steel Erection - NOC in Colorado?

Accepted Answer

The current rate for Iron or Steel Erection - NOC (Class Code 5057) in Colorado is $15.35 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $7675 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 Iron or Steel Erection - NOC is $15.35, which is $3.07 below the national average of $18.42 (-17%).

Question 4

What does class code 5057 cover?

Accepted Answer

Covers miscellaneous iron and steel erection work not otherwise classified.

State	Rate per $100	Difference
Colorado (current)	$15.35	—
Indiana	$13.46	-1.89
Texas	$14.15	-1.20
Virginia	$14.32	-1.03
Utah	$14.66	-0.69
Arkansas	$15.18	-0.17

Workers' Comp Rate for Iron or Steel Erection - NOC in Colorado (Class Code 5057)

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