Question 1

How much does workers' comp cost for Cannery in New Mexico?

Accepted Answer

The current rate for Cannery (Class Code 2111) in New Mexico is $5.15 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2575 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 Cannery is $5.15, which is $0.46 below the national average of $5.61 (-8%).

Question 4

What does class code 2111 cover?

Accepted Answer

Covers workers in food canning and preserving operations, including fruit, vegetable, and meat canning.

State	Rate per $100	Difference
New Mexico (current)	$5.15	—
Indiana	$4.10	-1.05
Texas	$4.31	-0.84
Virginia	$4.36	-0.79
Utah	$4.46	-0.69
Arkansas	$4.62	-0.53

Workers' Comp Rate for Cannery in New Mexico (Class Code 2111)

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