Question 1

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

Accepted Answer

The current rate for Meat Packing (Class Code 2001) in New Mexico is $8.57 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $4285 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 Meat Packing is $8.57, which is $0.77 below the national average of $9.34 (-8%).

Question 4

What does class code 2001 cover?

Accepted Answer

Covers workers in meat packing plants performing slaughtering, cutting, processing, and packaging of meat products.

State	Rate per $100	Difference
New Mexico (current)	$8.57	—
Indiana	$6.83	-1.74
Texas	$7.18	-1.39
Virginia	$7.26	-1.31
Utah	$7.44	-1.13
Arkansas	$7.70	-0.87

Workers' Comp Rate for Meat Packing in New Mexico (Class Code 2001)

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