Question 1

How much does workers' comp cost for Junk Dealer in Iowa?

Accepted Answer

The current rate for Junk Dealer (Class Code 8263) in Iowa is $5.61 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2805 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 Junk Dealer is $5.61, which is $0.26 below the national average of $5.87 (-4%).

Question 4

What does class code 8263 cover?

Accepted Answer

Covers employees of junk and scrap dealers buying, sorting, and selling recyclable materials and scrap items.

State	Rate per $100	Difference
Iowa (current)	$5.61	—
Indiana	$4.29	-1.32
Texas	$4.51	-1.10
Virginia	$4.56	-1.05
Utah	$4.68	-0.93
Arkansas	$4.84	-0.77

Workers' Comp Rate for Junk Dealer in Iowa (Class Code 8263)

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