Metal Drum or Barrel Mfg. workers comp rate in Maryland
The filed workers comp rate for class code 3040 (Metal Drum or Barrel Mfg.) in Maryland is $2.29 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $11,450 in base premium.
Rate per $100 $2.29
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 32%
Confidence HIGH
FAQ
What is the workers comp rate for code 3040 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 3040 (Metal Drum or Barrel Mfg.) in Maryland is $2.29 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 3040 on $500,000 of payroll?
At $2.29 per $100, $500,000 of payroll yields a base premium of $11,450 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3040?
UT has the cheapest filed rate for code 3040 ($0.860) and HI the highest ($7.79). Maryland sits at the 32th percentile across 22 peer states.