Question 1

How much does workers' comp cost for Iron/Steel Erection - Frame in Iowa?

Accepted Answer

The current rate for Iron/Steel Erection - Frame (Class Code 5040) in Iowa is $24.99 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $12495 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 Iron/Steel Erection - Frame is $24.99, which is $1.16 below the national average of $26.15 (-4%).

Question 4

What does class code 5040 cover?

Accepted Answer

Covers workers erecting structural iron or steel frames for buildings and other structures.

State	Rate per $100	Difference
Iowa (current)	$24.99	—
Indiana	$19.11	-5.88
Texas	$20.09	-4.90
Virginia	$20.33	-4.66
Utah	$20.83	-4.16
Arkansas	$21.56	-3.43

Workers' Comp Rate for Iron/Steel Erection - Frame in Iowa (Class Code 5040)

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