Question 1

How much does workers' comp cost for Collection Agency in Tennessee?

Accepted Answer

The current rate for Collection Agency (Class Code 8844) in Tennessee is $0.20 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $100 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Tennessee?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Tennessee for employers with 5 or more employees.

Question 3

How does Tennessee's rate compare to other states?

Accepted Answer

Tennessee's rate for Collection Agency is $0.20, which is $0.03 below the national average of $0.23 (-13%).

Question 4

What does class code 8844 cover?

Accepted Answer

Covers employees of collection agencies performing debt collection, skip tracing, and account recovery.

State	Rate per $100	Difference
Tennessee (current)	$0.20	—
Indiana	$0.17	-0.03
Texas	$0.18	-0.02
Virginia	$0.18	-0.02
Arkansas	$0.19	-0.01
Utah	$0.19	-0.01

Workers' Comp Rate for Collection Agency in Tennessee (Class Code 8844)

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