Question 1

How much does workers' comp cost for Building Materials Dealer in Minnesota?

Accepted Answer

The current rate for Building Materials Dealer (Class Code 8058) in Minnesota is $5.67 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2835 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Minnesota?

Accepted Answer

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

Question 3

How does Minnesota's rate compare to other states?

Accepted Answer

Minnesota's rate for Building Materials Dealer is $5.67, which is $0.06 above the national average of $5.61 (+1%).

Question 4

What does class code 8058 cover?

Accepted Answer

Covers employees of building materials supply stores selling lumber, hardware, and construction supplies.

State	Rate per $100	Difference
Minnesota (current)	$5.67	—
Indiana	$4.10	-1.57
Texas	$4.31	-1.36
Virginia	$4.36	-1.31
Utah	$4.46	-1.21
Arkansas	$4.62	-1.05

Workers' Comp Rate for Building Materials Dealer in Minnesota (Class Code 8058)

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