Question 1

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

Accepted Answer

The current rate for Collection Agency (Class Code 8844) in Vermont is $0.25 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $125 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Vermont?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Vermont for all employers with at least one employee.

Question 3

How does Vermont's rate compare to other states?

Accepted Answer

Vermont's rate for Collection Agency is $0.25, which is $0.02 above the national average of $0.23 (+9%).

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
Vermont (current)	$0.25	—
Indiana	$0.17	-0.08
Texas	$0.18	-0.07
Virginia	$0.18	-0.07
Arkansas	$0.19	-0.06
Utah	$0.19	-0.06

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

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