Jute & Hemp Spinning & Weaving workers comp rate in Minnesota
The filed workers comp rate for class code 2305 (Jute & Hemp Spinning & Weaving) in Minnesota is $2.97 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $14,850 in base premium.
Rate per $100 $2.97
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 95%
Confidence HIGH
FAQ
What is the workers comp rate for code 2305 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 2305 (Jute & Hemp Spinning & Weaving) in Minnesota is $2.97 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 2305 on $500,000 of payroll?
At $2.97 per $100, $500,000 of payroll yields a base premium of $14,850 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 2305?
UT has the cheapest filed rate for code 2305 ($0.490) and PA the highest ($3.80). Minnesota sits at the 95th percentile across 19 peer states.