Raincoat & Waterproof Clothing Mfg. workers comp rate in Minnesota
The filed workers comp rate for class code 2416 (Raincoat & Waterproof Clothing Mfg.) in Minnesota is $1.48 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $7,400 in base premium.
Rate per $100 $1.48
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 75%
Confidence HIGH
FAQ
What is the workers comp rate for code 2416 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 2416 (Raincoat & Waterproof Clothing Mfg.) in Minnesota is $1.48 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 2416 on $500,000 of payroll?
At $1.48 per $100, $500,000 of payroll yields a base premium of $7,400 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 2416?
UT has the cheapest filed rate for code 2416 ($0.490) and NJ the highest ($3.67). Minnesota sits at the 75th percentile across 20 peer states.