Question 1

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

Accepted Answer

The current rate for Drug Store (Class Code 8047) in Iowa is $0.97 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $485 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Iowa?

Accepted Answer

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

Question 3

How does Iowa's rate compare to other states?

Accepted Answer

Iowa's rate for Drug Store is $0.97, which is $0.04 below the national average of $1.01 (-4%).

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
Iowa (current)	$0.97	—
Indiana	$0.74	-0.23
Texas	$0.78	-0.19
Virginia	$0.79	-0.18
Utah	$0.81	-0.16
Arkansas	$0.84	-0.13

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

Get a Custom Quote for Drug Store in Iowa

Compare: Drug Store Rates in Other States

Get an Exact Quote for Your Business in Iowa

Related Class Codes in Iowa

Frequently Asked Questions

Ready to Get Covered?