Question 1

How much does workers' comp cost for Hardware Store - General in Minnesota?

Accepted Answer

The current rate for Hardware Store - General (Class Code 8055) in Minnesota is $2.70 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $1350 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 Hardware Store - General is $2.70, which is $0.03 above the national average of $2.67 (+1%).

Question 4

What does class code 8055 cover?

Accepted Answer

Covers employees of general hardware stores selling tools, fasteners, and household repair supplies.

State	Rate per $100	Difference
Minnesota (current)	$2.70	—
Indiana	$1.95	-0.75
Texas	$2.05	-0.65
Virginia	$2.07	-0.63
Utah	$2.13	-0.57
Arkansas	$2.20	-0.50

Workers' Comp Rate for Hardware Store - General in Minnesota (Class Code 8055)

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