Question 1

How much does workers' comp cost for College or University - Professional Employees in Minnesota?

Accepted Answer

The current rate for College or University - Professional Employees (Class Code 8868) in Minnesota is $0.49 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $245 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 College or University - Professional Employees is $0.49, which is $0.01 above the national average of $0.48 (+2%).

Question 4

What does class code 8868 cover?

Accepted Answer

Covers college and university professional employees including professors, researchers, and academic staff.

State	Rate per $100	Difference
Minnesota (current)	$0.49	—
Indiana	$0.35	-0.14
Texas	$0.37	-0.12
Virginia	$0.37	-0.12
Utah	$0.38	-0.11
Arkansas	$0.40	-0.09

Workers' Comp Rate for College or University - Professional Employees in Minnesota (Class Code 8868)

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