Question 1

How much does workers' comp cost for Hardware Store - General in New York?

Accepted Answer

The current rate for Hardware Store - General (Class Code 8055) in New York is $3.63 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $1815 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 Store - General is $3.63, which is $0.96 above the national average of $2.67 (+36%).

Question 4

What does class code 8055 cover?

Accepted Answer

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

State	Rate per $100	Difference
New York (current)	$3.63	—
Indiana	$1.95	-1.68
Texas	$2.05	-1.58
Virginia	$2.07	-1.56
Utah	$2.13	-1.50
Arkansas	$2.20	-1.43

Workers' Comp Rate for Hardware Store - General in New York (Class Code 8055)

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