Iowa · workers' comp rates & requirements

Iowa Workers' Compensation Cost Calculator

Key facts: workers' comp in Iowa

Who must be covered
Mandatory starting at 1 employeeOfficial agency: WCD
Average rate
$1.21 per $100 of payrollRank #19 of 51 (#1 = most expensive), above the $1.09 national median
Rating organization
NCCINational Council on Compensation Insurance · Private insurers
Verified from official records
October 3, 2026Rates: Oregon DCBS study, June 2025
Iowa: $1.21 per $100 of payroll. National range $0.50 (North Dakota) to $2.52 (Hawaii); median $1.09.

Iowa generally requires an employer with one or more employees to carry workers' comp, or to register as a self-insured employer. Policies come from a company approved by the commissioner of insurance.

Rates in effect January 1, 2024 · Oregon Department of Consumer and Business Services, 2024 study (June 2025) · Nothing you enter leaves your browser

2024 study rate for all industries in Iowa. Edit it if your policy shows a different rate.

For the class you're pricing. Insurers rate each class code's payroll separately.

Printed on your experience rating worksheet or renewal. New or small employers that don't qualify for experience rating are rated at 1.00.

Estimated premium

$12,100

per year at an EMR of 1.00

At an average mod

$12,100

per year at an EMR of 1.00

Your EMR's impact

$0

no adjustment

Effective cost: $1.21 per $100 of payroll.

At an EMR of 1.00, your claims history neither raises nor lowers this premium.

Every claim from now on counts toward your next three renewals. IncidentLog makes the first step — a complete, same-day incident report — take about 90 seconds from a job-site QR code.

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Estimate before schedule credits or debits, premium discounts, expense constants, state assessments and minimum premiums — your insurer's quote will differ.

Who must carry workers' comp in Iowa?

Mandatory starting at 1 employee

Owners, partners, LLC members and corporate officers with 25% or more of the stock don't have to be covered.

Official agency

Iowa Department of Inspections, Appeals, & Licensing, Workers' Compensation Division (WCD)

Market: Private insurers · Law: Iowa Code § 87.1

Visit the WCD website (opens in a new tab)

Iowa workers' comp rates by business type

Rate per $100 of payroll for common class codes in Iowa, against the median of the 51 jurisdictions in the study.

Business type (NCCI code)IowaU.S. medianDifference
Office and clerical staff (8810)$0.16$0.11+45%
Retail store (8017)$1.28$1.20+7%
Restaurant (full service) (9082)$0.99$1.09−9%
Restaurant (fast food) (9083)$1.05$1.09−4%
Hotel (all other employees) (9052)$1.41$1.79−21%
Assisted living / retirement center (care staff) (8824)$1.69$2.03−17%
Hospital (professional staff) (8833)$0.57$0.82−30%
Electrical contractor (5190)$1.76$2.37−26%
Plumbing contractor (5183)$2.35$2.70−13%
Residential carpentry (up to 3 stories) (5645)$7.02$8.71−19%
Roofing (5551)$11.18$9.64+16%
Trucking (7219)$5.91$5.72+3%

Iowa uses NCCI class codes. Your insurer applies the rate for your own classes, then your EMR.

What a bad EMR costs in Iowa

Take $500,000 of payroll at Iowa's $1.21 index rate: $6,050 a year at an average mod of 1.00.

EMR 0.85
$5,143/yr
EMR 1.25
$7,563/yr
Difference
+$2,420/yr

A claim year usually stays in the mod for three renewals, so the gap adds up to about $7,260. The mod is built from claims, and the cheapest claim is the injury caught early.

IncidentLog lets crews report an injury or near miss from a job-site QR code in about 90 seconds, so you hear about it the same shift and see patterns on your OSHA 300 log before they become claims.

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Iowa workers' comp FAQ

Is workers' comp insurance mandatory in Iowa?

Yes. Iowa requires workers' compensation coverage from the first employee (Iowa Code § 87.1). Owners, partners, LLC members and corporate officers with 25% or more of the stock don't have to be covered. Source: Iowa Department of Inspections, Appeals, & Licensing, Workers' Compensation Division.

How are workers' comp rates set in Iowa?

Employers buy coverage from private insurance companies. The Oregon DCBS study lists NCCI (the National Council on Compensation Insurance) as Iowa's rating organization. Your own premium then depends on your class codes, your payroll and your experience modification rate (EMR).

What is the average workers' comp rate in Iowa?

The Oregon Department of Consumer and Business Services's 2024 study puts Iowa's all-industry index rate at $1.21 per $100 of payroll for rates in effect on January 1, 2024, 110% of the study's national median of $1.09. That ranks Iowa #19 of 51 jurisdictions, where #1 is the most expensive (#14 in the 2022 study). Your own rate depends on your class codes.

Sources

Official texts behind this page (4 quotes)

An estimate for planning, not a quote, legal or insurance advice. IncidentLog is not an insurer or broker. Median rate across all industries: $1.09 per $100.