Question 1

How much does workers' comp cost for Marine Transportation in Iowa?

Accepted Answer

The current rate for Marine Transportation (Class Code 7327) in Iowa is $12.75 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $6375 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 Marine Transportation is $12.75, which is $0.59 below the national average of $13.34 (-4%).

Question 4

What does class code 7327 cover?

Accepted Answer

Covers workers operating marine vessels for passenger and cargo transportation on waterways.

State	Rate per $100	Difference
Iowa (current)	$12.75	—
Indiana	$9.75	-3.00
Texas	$10.25	-2.50
Virginia	$10.38	-2.37
Utah	$10.63	-2.12
Arkansas	$11.00	-1.75

Workers' Comp Rate for Marine Transportation in Iowa (Class Code 7327)

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