Question 1

How much does workers' comp cost for Elevator Installation in Mississippi?

Accepted Answer

The current rate for Elevator Installation (Class Code 5160) in Mississippi is $10.19 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $5095 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Mississippi?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Mississippi for employers with 5 or more employees.

Question 3

How does Mississippi's rate compare to other states?

Accepted Answer

Mississippi's rate for Elevator Installation is $10.19, which is $1.02 below the national average of $11.21 (-9%).

Question 4

What does class code 5160 cover?

Accepted Answer

Covers workers engaged in the installation, maintenance, and repair of elevators, escalators, and moving walkways.

State	Rate per $100	Difference
Mississippi (current)	$10.19	—
Indiana	$8.19	-2.00
Texas	$8.61	-1.58
Virginia	$8.72	-1.47
Utah	$8.92	-1.27
Arkansas	$9.24	-0.95

Workers' Comp Rate for Elevator Installation in Mississippi (Class Code 5160)

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