Question 1

How much does workers' comp cost for Hardware Dealer in Texas?

Accepted Answer

The current rate for Hardware Dealer (Class Code 8116) in Texas is $2.67 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $1335 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Texas?

Accepted Answer

No, workers' compensation is not mandatory in Texas. However, employers who opt out lose important legal protections.

Question 3

How does Texas's rate compare to other states?

Accepted Answer

Texas's rate for Hardware Dealer is $2.67, which is $0.80 below the national average of $3.47 (-23%).

Question 4

What does class code 8116 cover?

Accepted Answer

Covers employees of hardware stores selling tools, fasteners, and general hardware supplies.

State	Rate per $100	Difference
Texas (current)	$2.67	—
Indiana	$2.54	-0.13
Virginia	$2.70	+0.03
Utah	$2.76	+0.09
Arkansas	$2.86	+0.19
Colorado	$2.89	+0.22

Workers' Comp Rate for Hardware Dealer in Texas (Class Code 8116)

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