Question 1

How much does workers' comp cost for Machinery Manufacturing in Colorado?

Accepted Answer

The current rate for Machinery Manufacturing (Class Code 3030) in Colorado is $4.90 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2450 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 Machinery Manufacturing is $4.90, which is $0.97 below the national average of $5.87 (-17%).

Question 4

What does class code 3030 cover?

Accepted Answer

Covers workers in facilities manufacturing industrial machinery and mechanical equipment.

State	Rate per $100	Difference
Colorado (current)	$4.90	—
Indiana	$4.29	-0.61
Texas	$4.51	-0.39
Virginia	$4.56	-0.34
Utah	$4.68	-0.22
Arkansas	$4.84	-0.06

Workers' Comp Rate for Machinery Manufacturing in Colorado (Class Code 3030)

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