Question 1

How much does workers' comp cost for Iron/Steel Merchant in Illinois?

Accepted Answer

The current rate for Iron/Steel Merchant (Class Code 8106) in Illinois is $6.60 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $3300 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 Iron/Steel Merchant is $6.60, which is $0.73 above the national average of $5.87 (+12%).

Question 4

What does class code 8106 cover?

Accepted Answer

Covers employees of iron and steel merchant establishments selling and distributing metal products.

State	Rate per $100	Difference
Illinois (current)	$6.60	—
Indiana	$4.29	-2.31
Texas	$4.51	-2.09
Virginia	$4.56	-2.04
Utah	$4.68	-1.92
Arkansas	$4.84	-1.76

Workers' Comp Rate for Iron/Steel Merchant in Illinois (Class Code 8106)

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