Question 1

How much does workers' comp cost for Boat Building - Metal in Kentucky?

Accepted Answer

The current rate for Boat Building - Metal (Class Code 7337) in Kentucky is $9.75 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $4875 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Kentucky?

Accepted Answer

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

Question 3

How does Kentucky's rate compare to other states?

Accepted Answer

Kentucky's rate for Boat Building - Metal is $9.75, which is $0.66 below the national average of $10.41 (-6%).

Question 4

What does class code 7337 cover?

Accepted Answer

Covers workers building and repairing metal boats and ships including welding, fabrication, and outfitting.

State	Rate per $100	Difference
Kentucky (current)	$9.75	—
Indiana	$7.61	-2.14
Texas	$7.99	-1.76
Virginia	$8.09	-1.66
Utah	$8.29	-1.46
Arkansas	$8.58	-1.17

Workers' Comp Rate for Boat Building - Metal in Kentucky (Class Code 7337)

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