Question 1

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

Accepted Answer

The current rate for Lumber Dealer (Class Code 8061) in Iowa is $5.87 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2935 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 Lumber Dealer is $5.87, which is $0.27 below the national average of $6.14 (-4%).

Question 4

What does class code 8061 cover?

Accepted Answer

Covers employees of lumber yards selling and delivering lumber and wood products.

State	Rate per $100	Difference
Iowa (current)	$5.87	—
Indiana	$4.49	-1.38
Texas	$4.72	-1.15
Virginia	$4.77	-1.10
Utah	$4.89	-0.98
Arkansas	$5.06	-0.81

Workers' Comp Rate for Lumber Dealer in Iowa (Class Code 8061)

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