Question 1

How much does workers' comp cost for Drug Store in Tennessee?

Accepted Answer

The current rate for Drug Store (Class Code 8047) in Tennessee is $0.86 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $430 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 Drug Store is $0.86, which is $0.15 below the national average of $1.01 (-15%).

Question 4

What does class code 8047 cover?

Accepted Answer

Covers employees of pharmacies and drug stores dispensing medications and selling health-related merchandise.

State	Rate per $100	Difference
Tennessee (current)	$0.86	—
Indiana	$0.74	-0.12
Texas	$0.78	-0.08
Virginia	$0.79	-0.07
Utah	$0.81	-0.05
Arkansas	$0.84	-0.02

Workers' Comp Rate for Drug Store in Tennessee (Class Code 8047)

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