Question 1

How much does workers' comp cost for Hardware Store - Wholesale in Virginia?

Accepted Answer

The current rate for Hardware Store - Wholesale (Class Code 8010) in Virginia is $2.16 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $1080 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 Hardware Store - Wholesale is $2.16, which is $0.62 below the national average of $2.78 (-22%).

Question 4

What does class code 8010 cover?

Accepted Answer

Covers wholesale hardware and industrial supply store employees.

State	Rate per $100	Difference
Virginia (current)	$2.16	—
Indiana	$2.03	-0.13
Texas	$2.13	-0.03
Utah	$2.21	+0.05
Arkansas	$2.29	+0.13
Colorado	$2.31	+0.15

Workers' Comp Rate for Hardware Store - Wholesale in Virginia (Class Code 8010)

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