Question 1

How much does workers' comp cost for Iron/Steel Erection - Frame in South Dakota?

Accepted Answer

The current rate for Iron/Steel Erection - Frame (Class Code 5040) in South Dakota is $22.79 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $11395 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in South Dakota?

Accepted Answer

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

Question 3

How does South Dakota's rate compare to other states?

Accepted Answer

South Dakota's rate for Iron/Steel Erection - Frame is $22.79, which is $3.36 below the national average of $26.15 (-13%).

Question 4

What does class code 5040 cover?

Accepted Answer

Covers workers erecting structural iron or steel frames for buildings and other structures.

State	Rate per $100	Difference
South Dakota (current)	$22.79	—
Indiana	$19.11	-3.68
Texas	$20.09	-2.70
Virginia	$20.33	-2.46
Utah	$20.83	-1.96
Arkansas	$21.56	-1.23

Workers' Comp Rate for Iron/Steel Erection - Frame in South Dakota (Class Code 5040)

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