Mississippi Workers' Compensation Rates 2024

workers' compensation rates in Mississippi
Mordechai Kamenetsky
Last Updated: 
February 21, 2024

In Mississippi, like in all states, there isn't one workers’ comp insurance rate for all businesses. Instead, your Mississippi workers’ compensation rates will vary based on the company's industry, payroll size, and claims history.

Here’s a list of the state's most common industries and the corresponding rates from one of our partner carriers to help you figure out your rate.

Mississippi Workers' Compensation Rates 2024
Class Code Description Rate Per $100 of Payroll
0035 Farm - Planting & Harvesting - Cannabis Growers $2.10
0042 Landscaping Service $5.37
0106 Tree Trimming - Pruning - Removal $7.53
0917 Residential Cleaning Service - Housekeepers $3.24
2121 Breweries - Craft Beers $1.26
2143 Winery - Winemakers $2.42
2585 Carpet Cleaning $3.97
2589 Dry Cleaning & Laundry Service $2.19
3632 Machine Shop $2.92
3724 Garage Door Installation $2.84
3821 Salvage Yard $5.13
5022 Masonry $6.07
5102 Door & Window Installation $5.02
5183 Plumbing $2.26
5190 Electrical Wiring $2.66
5221 Concrete Construction $3.12
5348 Tile Installation $3.29
5437 Carpentry Trim $5.65
5474 Painting $4.50
5478 Flooring $3.38
5537 HVAC Installation & Repair $3.40
5645 Carpentry Noc. Residential Construction $11.15
7605 Alarm Installation $2.31
8006 Gas $1.82
8017 Retail Store $1.44
8380 Auto Shop $2.12
8742 Outside Sales Person $0.32
8810 Clerical - NOC $0.19
8832 Doctors Office $0.26
8835 Home Health Care $1.93
8842 Group Homes $1.93
9012 Building Operations By Owner $1.03
9014 Janitorial Cleaning $2.36
9015 Building Operations By Contractor $2.49
9052 Hotel Employees $1.87
9082 Restaurant $1.16
9083 Restaurant Fast Food $1.07
9102 Lawn Care $2.35
9516 Electrical Equipment Service & Repair $2.40

How to calculate your Workers’ Comp Premium

Using a painter as an example, let's say you have 2 employees with a total payroll of $90,000. The workers’ comp rate in Mississippi is $4.50 per $100 of payroll.

To calculate your workers’ comp premium, you can use the following formula:

(Annual Employee Payroll / $100) x Industry Rate = Your Estimated Premium)

workers' comp premium formula

Start by dividing your total expected gross annual payroll for all employees by $100, and then multiply by your industry rate.

For example, with a total payroll of $90,000, you would divide that by 100, resulting in $900. Then, multiply this by the Mississippi rate for painters, which is $4.50. This calculation would give you an approximate estimate of your workers' comp premium, amounting to $4,050.

Please keep in mind that this estimation does not include taxes and fees, and your claims history could impact the final cost.

What factors influence your Workers' Comp Premiums?

Mississippi Workers' Compensation rates can vary depending on several factors such as: 

Classification Codes 

Classification Codes 

Each industry and job type has a specific class code that dictates the risk associated with the work. Higher-risk jobs, such as construction, generally have higher premium rates than lower risk occupations, like office work.

Experience Modification Rate (EMR)

Experience Modification Rate (EMR)

Your business's Experience Modification Rate (EMR or ExMod) is a metric used to compare your company’s claims history to others in the same industry. A better-than-average claims record might lead to a lower premium, while a poor claims history can result in higher rates. 

Mississippi Workers' Compensation Rates allow insurance companies to apply policy credits (discounts) and debits (surcharges) up to 25% based on their claims history.

Many employers overlook available credits, which can significantly impact their insurance costs. Don't hesitate to inquire with your agent about potential credits you may be eligible for.
Payroll Size

Payroll Size

The higher your payroll, the more workers' compensation coverage your business will need. This results in higher premium costs. However, larger businesses with a considerable payroll may also be eligible for additional discounts.

Safety Measures and Training

Safety Measures and Training

Implementing safety procedures, such as employee training and regularly updating equipment, can reduce workplace accidents. This can lead to a lower frequency of claims, which may result in lower premium costs.



Workers' Comp rates can vary significantly from one state to another due to differences in state laws, the cost of living, and the risk levels associated with industries within each state. 

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Note: The rates listed above have been provided by one of our partner insurance carriers, and were accurate at the time of publishing and for illustrative purposes only and may not reflect actual current rates for workers' compensation insurance in Mississippi at this time. Various factors, such as claim history and business experience can affect the rate as well. Business owners should consult with an insurance agent or the NCCI for accurate and up-to-date rate information.

Note: The information provided in this blog is intended for general informational purposes only and is not a substitute for professional legal or insurance advice. Laws and regulations regarding workers' compensation insurance are complex and vary by state and by specific circumstances. Therefore, readers are encouraged to consult with a qualified legal or insurance professional to obtain advice with respect to any particular issue or problem they might have.

Mordechai Kamenetsky

Mordechai Kamenetsky, co-founder and lead agent of Kickstand, is recognized as an expert in workers' compensation. He is passionate about helping small businesses manage risks and lower their workers' comp costs. In his articles, he educates readers and clients on the intricacies of workers' comp insurance.

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