Question 1

How much does workers' comp cost for Bus Company - All Employees in New Mexico?

Accepted Answer

The current rate for Bus Company - All Employees (Class Code 7382) in New Mexico is $7.35 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $3675 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 Bus Company - All Employees is $7.35, which is $0.66 below the national average of $8.01 (-8%).

Question 4

What does class code 7382 cover?

Accepted Answer

Covers bus company employees including drivers, mechanics, dispatchers, and terminal staff.

State	Rate per $100	Difference
New Mexico (current)	$7.35	—
Indiana	$5.85	-1.50
Texas	$6.15	-1.20
Virginia	$6.23	-1.12
Utah	$6.38	-0.97
Arkansas	$6.60	-0.75

Workers' Comp Rate for Bus Company - All Employees in New Mexico (Class Code 7382)

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