Question 1

How much does workers' comp cost for Hardware Dealer in New York?

Accepted Answer

The current rate for Hardware Dealer (Class Code 8116) in New York is $4.71 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2355 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in New York?

Accepted Answer

Yes, workers' compensation insurance is mandatory in New York for all employers with at least one employee.

Question 3

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

Accepted Answer

New York's rate for Hardware Dealer is $4.71, which is $1.24 above the national average of $3.47 (+36%).

Question 4

What does class code 8116 cover?

Accepted Answer

Covers employees of hardware stores selling tools, fasteners, and general hardware supplies.

State	Rate per $100	Difference
New York (current)	$4.71	—
Indiana	$2.54	-2.17
Texas	$2.67	-2.04
Virginia	$2.70	-2.01
Utah	$2.76	-1.95
Arkansas	$2.86	-1.85

Workers' Comp Rate for Hardware Dealer in New York (Class Code 8116)

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