Textile Rental Service workers comp rate in Maryland
The filed workers comp rate for class code 2623 (Textile Rental Service) in Maryland is $2.60 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $13,000 in base premium.
Rate per $100 $2.60
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 38%
Confidence HIGH
FAQ
What is the workers comp rate for code 2623 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 2623 (Textile Rental Service) in Maryland is $2.60 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 2623 on $500,000 of payroll?
At $2.60 per $100, $500,000 of payroll yields a base premium of $13,000 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 2623?
UT has the cheapest filed rate for code 2623 ($0.890) and HI the highest ($7.20). Maryland sits at the 38th percentile across 21 peer states.