Wood Musical Instrument Mfg. workers comp rate in Minnesota
The filed workers comp rate for class code 2731 (Wood Musical Instrument Mfg.) in Minnesota is $1.89 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $9,450 in base premium.
Rate per $100 $1.89
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 43%
Confidence HIGH
FAQ
What is the workers comp rate for code 2731 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 2731 (Wood Musical Instrument Mfg.) in Minnesota is $1.89 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 2731 on $500,000 of payroll?
At $1.89 per $100, $500,000 of payroll yields a base premium of $9,450 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). Minnesota sits at the 43th percentile across 21 peer states.