Question 1

How much does workers' comp cost for Drug Store in Florida?

Accepted Answer

The current rate for Drug Store (Class Code 8047) in Florida is $1.09 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $545 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Florida?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Florida for employers with 4 or more employees.

Question 3

How does Florida's rate compare to other states?

Accepted Answer

Florida's rate for Drug Store is $1.09, which is $0.08 above the national average of $1.01 (+8%).

Question 4

What does class code 8047 cover?

Accepted Answer

Covers employees of pharmacies and drug stores dispensing medications and selling health-related merchandise.

State	Rate per $100	Difference
Florida (current)	$1.09	—
Indiana	$0.74	-0.35
Texas	$0.78	-0.31
Virginia	$0.79	-0.30
Utah	$0.81	-0.28
Arkansas	$0.84	-0.25

Workers' Comp Rate for Drug Store in Florida (Class Code 8047)

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