Question 1

How much does workers' comp cost for Hardware Store - General in Florida?

Accepted Answer

The current rate for Hardware Store - General (Class Code 8055) in Florida is $2.88 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $1440 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 Hardware Store - General is $2.88, which is $0.21 above the national average of $2.67 (+8%).

Question 4

What does class code 8055 cover?

Accepted Answer

Covers employees of general hardware stores selling tools, fasteners, and household repair supplies.

State	Rate per $100	Difference
Florida (current)	$2.88	—
Indiana	$1.95	-0.93
Texas	$2.05	-0.83
Virginia	$2.07	-0.81
Utah	$2.13	-0.75
Arkansas	$2.20	-0.68

Workers' Comp Rate for Hardware Store - General in Florida (Class Code 8055)

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