Oil or Gas Lease Operations - Geophysical Exploration workers comp rate in Minnesota
The filed workers comp rate for class code 2686 (Oil or Gas Lease Operations - Geophysical Exploration) in Minnesota is $1.43 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $7,150 in base premium.
Rate per $100 $1.43
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
Confidence HIGH
FAQ
What is the workers comp rate for code 2686 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 2686 (Oil or Gas Lease Operations - Geophysical Exploration) in Minnesota is $1.43 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 2686 on $500,000 of payroll?
At $1.43 per $100, $500,000 of payroll yields a base premium of $7,150 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.