Question 1

How much does workers' comp cost for Charter Aircraft in Virginia?

Accepted Answer

The current rate for Charter Aircraft (Class Code 7405) in Virginia is $10.58 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $5290 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Virginia?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Virginia for employers with 2 or more employees.

Question 3

How does Virginia's rate compare to other states?

Accepted Answer

Virginia's rate for Charter Aircraft is $10.58, which is $3.03 below the national average of $13.61 (-22%).

Question 4

What does class code 7405 cover?

Accepted Answer

Covers crew and ground personnel operating charter aircraft services for passengers and cargo.

State	Rate per $100	Difference
Virginia (current)	$10.58	—
Indiana	$9.95	-0.63
Texas	$10.46	-0.12
Utah	$10.84	+0.26
Arkansas	$11.22	+0.64
Colorado	$11.35	+0.77

Workers' Comp Rate for Charter Aircraft in Virginia (Class Code 7405)

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