Question 1

How much does workers' comp cost for Charter Aircraft in Indiana?

Accepted Answer

The current rate for Charter Aircraft (Class Code 7405) in Indiana is $9.95 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $4975 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Indiana?

Accepted Answer

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

Question 3

How does Indiana's rate compare to other states?

Accepted Answer

Indiana's rate for Charter Aircraft is $9.95, which is $3.66 below the national average of $13.61 (-27%).

Question 4

What does class code 7405 cover?

Accepted Answer

Covers crew and ground personnel operating charter aircraft services for passengers and cargo.

State	Rate per $100	Difference
Indiana (current)	$9.95	—
Texas	$10.46	+0.51
Virginia	$10.58	+0.63
Utah	$10.84	+0.89
Arkansas	$11.22	+1.27
Colorado	$11.35	+1.40

Workers' Comp Rate for Charter Aircraft in Indiana (Class Code 7405)

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