Question 1

How much does workers' comp cost for Real Estate Agency - All Employees in South Dakota?

Accepted Answer

The current rate for Real Estate Agency - All Employees (Class Code 8856) in South Dakota is $1.12 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $560 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 Real Estate Agency - All Employees is $1.12, which is $0.16 below the national average of $1.28 (-12%).

Question 4

What does class code 8856 cover?

Accepted Answer

Covers real estate agents, brokers, and office staff performing property sales and management services.

State	Rate per $100	Difference
South Dakota (current)	$1.12	—
Indiana	$0.94	-0.18
Texas	$0.98	-0.14
Virginia	$1.00	-0.12
Utah	$1.02	-0.10
Arkansas	$1.06	-0.06

Workers' Comp Rate for Real Estate Agency - All Employees in South Dakota (Class Code 8856)

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