Question 1

How much does workers' comp cost for Elevator Installation in Vermont?

Accepted Answer

The current rate for Elevator Installation (Class Code 5160) in Vermont is $11.76 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $5880 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 Elevator Installation is $11.76, which is $0.55 above the national average of $11.21 (+5%).

Question 4

What does class code 5160 cover?

Accepted Answer

Covers workers engaged in the installation, maintenance, and repair of elevators, escalators, and moving walkways.

State	Rate per $100	Difference
Vermont (current)	$11.76	—
Indiana	$8.19	-3.57
Texas	$8.61	-3.15
Virginia	$8.72	-3.04
Utah	$8.92	-2.84
Arkansas	$9.24	-2.52

Workers' Comp Rate for Elevator Installation in Vermont (Class Code 5160)

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