Upholstering workers comp rate in Maryland
The filed workers comp rate for class code 2388 (Upholstering) in Maryland is $0.490 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $2,450 in base premium.
Rate per $100 $0.490
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 15%
Confidence HIGH
FAQ
What is the workers comp rate for code 2388 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 2388 (Upholstering) in Maryland is $0.490 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 2388 on $500,000 of payroll?
At $0.490 per $100, $500,000 of payroll yields a base premium of $2,450 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 2388?
UT has the cheapest filed rate for code 2388 ($0.290) and NJ the highest ($2.06). Maryland sits at the 15th percentile across 20 peer states.