Question 1

How much does workers' comp cost for Pier/Wharf Operation in New Mexico?

Accepted Answer

The current rate for Pier/Wharf Operation (Class Code 7313) in New Mexico is $11.03 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $5515 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 Pier/Wharf Operation is $11.03, which is $0.98 below the national average of $12.01 (-8%).

Question 4

What does class code 7313 cover?

Accepted Answer

Covers workers operating piers and wharves including dock maintenance, vessel mooring, and cargo staging.

State	Rate per $100	Difference
New Mexico (current)	$11.03	—
Indiana	$8.78	-2.25
Texas	$9.23	-1.80
Virginia	$9.34	-1.69
Utah	$9.56	-1.47
Arkansas	$9.90	-1.13

Workers' Comp Rate for Pier/Wharf Operation in New Mexico (Class Code 7313)

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