Question 1

How much does workers' comp cost for Barber Shop or Beauty Parlor in New Mexico?

Accepted Answer

The current rate for Barber Shop or Beauty Parlor (Class Code 9586) in New Mexico is $1.47 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $735 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in New Mexico?

Accepted Answer

Yes, workers' compensation insurance is mandatory in New Mexico for employers with 3 or more employees.

Question 3

How does New Mexico's rate compare to other states?

Accepted Answer

New Mexico's rate for Barber Shop or Beauty Parlor is $1.47, which is $0.13 below the national average of $1.60 (-8%).

Question 4

What does class code 9586 cover?

Accepted Answer

Covers barbers, hairstylists, cosmetologists, and salon support staff.

State	Rate per $100	Difference
New Mexico (current)	$1.47	—
Indiana	$1.17	-0.30
Texas	$1.23	-0.24
Virginia	$1.24	-0.23
Utah	$1.27	-0.20
Arkansas	$1.32	-0.15

Workers' Comp Rate for Barber Shop or Beauty Parlor in New Mexico (Class Code 9586)

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