Question 1

How much does workers' comp cost for Junk Dealer in Mississippi?

Accepted Answer

The current rate for Junk Dealer (Class Code 8263) in Mississippi is $5.34 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2670 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 Junk Dealer is $5.34, which is $0.53 below the national average of $5.87 (-9%).

Question 4

What does class code 8263 cover?

Accepted Answer

Covers employees of junk and scrap dealers buying, sorting, and selling recyclable materials and scrap items.

State	Rate per $100	Difference
Mississippi (current)	$5.34	—
Indiana	$4.29	-1.05
Texas	$4.51	-0.83
Virginia	$4.56	-0.78
Utah	$4.68	-0.66
Arkansas	$4.84	-0.50

Workers' Comp Rate for Junk Dealer in Mississippi (Class Code 8263)

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