Question 1

How much does workers' comp cost for Elevator Service/Maintenance in Tennessee?

Accepted Answer

The current rate for Elevator Service/Maintenance (Class Code 5162) in Tennessee is $7.51 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $3755 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 Elevator Service/Maintenance is $7.51, which is $1.30 below the national average of $8.81 (-15%).

Question 4

What does class code 5162 cover?

Accepted Answer

Covers workers performing elevator and escalator service, maintenance, repair, and modernization.

State	Rate per $100	Difference
Tennessee (current)	$7.51	—
Indiana	$6.44	-1.07
Texas	$6.77	-0.74
Virginia	$6.85	-0.66
Utah	$7.01	-0.50
Arkansas	$7.26	-0.25

Workers' Comp Rate for Elevator Service/Maintenance in Tennessee (Class Code 5162)

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