Question 1

How much does workers' comp cost for Hardware Store - Retail in Illinois?

Accepted Answer

The current rate for Hardware Store - Retail (Class Code 8044) in Illinois is $3.30 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $1650 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Illinois?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Illinois for all employers with at least one employee.

Question 3

How does Illinois's rate compare to other states?

Accepted Answer

Illinois's rate for Hardware Store - Retail is $3.30, which is $0.36 above the national average of $2.94 (+12%).

Question 4

What does class code 8044 cover?

Accepted Answer

Covers hardware store employees selling tools, building materials, and home improvement products.

State	Rate per $100	Difference
Illinois (current)	$3.30	—
Indiana	$2.15	-1.15
Texas	$2.26	-1.04
Virginia	$2.28	-1.02
Utah	$2.34	-0.96
Arkansas	$2.42	-0.88

Workers' Comp Rate for Hardware Store - Retail in Illinois (Class Code 8044)

Get a Custom Quote for Hardware Store - Retail in Illinois

Compare: Hardware Store - Retail Rates in Other States

Get an Exact Quote for Your Business in Illinois

Related Class Codes in Illinois

Frequently Asked Questions

Ready to Get Covered?