Metal Drum or Barrel Mfg. workers comp rate in Minnesota
The filed workers comp rate for class code 3040 (Metal Drum or Barrel Mfg.) in Minnesota is $3.56 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $17,800 in base premium.
Rate per $100 $3.56
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 73%
Confidence HIGH
FAQ
What is the workers comp rate for code 3040 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 3040 (Metal Drum or Barrel Mfg.) in Minnesota is $3.56 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 3040 on $500,000 of payroll?
At $3.56 per $100, $500,000 of payroll yields a base premium of $17,800 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). Minnesota sits at the 73th percentile across 22 peer states.