Question 1

How much does workers' comp cost for Lumber Dealer in Tennessee?

Accepted Answer

The current rate for Lumber Dealer (Class Code 8061) in Tennessee is $5.23 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2615 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 Lumber Dealer is $5.23, which is $0.91 below the national average of $6.14 (-15%).

Question 4

What does class code 8061 cover?

Accepted Answer

Covers employees of lumber yards selling and delivering lumber and wood products.

State	Rate per $100	Difference
Tennessee (current)	$5.23	—
Indiana	$4.49	-0.74
Texas	$4.72	-0.51
Virginia	$4.77	-0.46
Utah	$4.89	-0.34
Arkansas	$5.06	-0.17

Workers' Comp Rate for Lumber Dealer in Tennessee (Class Code 8061)

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