Question 1

How much does workers' comp cost for Hardware Store - Wholesale in Maryland?

Accepted Answer

The current rate for Hardware Store - Wholesale (Class Code 8010) in Maryland is $2.73 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $1365 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Maryland?

Accepted Answer

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

Question 3

How does Maryland's rate compare to other states?

Accepted Answer

Maryland's rate for Hardware Store - Wholesale is $2.73, which is $0.05 below the national average of $2.78 (-2%).

Question 4

What does class code 8010 cover?

Accepted Answer

Covers wholesale hardware and industrial supply store employees.

State	Rate per $100	Difference
Maryland (current)	$2.73	—
Indiana	$2.03	-0.70
Texas	$2.13	-0.60
Virginia	$2.16	-0.57
Utah	$2.21	-0.52
Arkansas	$2.29	-0.44

Workers' Comp Rate for Hardware Store - Wholesale in Maryland (Class Code 8010)

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