Wood Musical Instrument Mfg. workers comp rate in Maryland
The filed workers comp rate for class code 2731 (Wood Musical Instrument Mfg.) in Maryland is $1.51 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $7,550 in base premium.
Rate per $100 $1.51
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 14%
Confidence HIGH
FAQ
What is the workers comp rate for code 2731 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 2731 (Wood Musical Instrument Mfg.) in Maryland is $1.51 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 2731 on $500,000 of payroll?
At $1.51 per $100, $500,000 of payroll yields a base premium of $7,550 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 2731?
UT has the cheapest filed rate for code 2731 ($0.810) and CA the highest ($6.44). Maryland sits at the 14th percentile across 21 peer states.