Metal Wire Drawing workers comp rate in Maryland
The filed workers comp rate for class code 3042 (Metal Wire Drawing) in Maryland is $1.69 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $8,450 in base premium.
Rate per $100 $1.69
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 35%
Confidence HIGH
FAQ
What is the workers comp rate for code 3042 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 3042 (Metal Wire Drawing) in Maryland is $1.69 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 3042 on $500,000 of payroll?
At $1.69 per $100, $500,000 of payroll yields a base premium of $8,450 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3042?
UT has the cheapest filed rate for code 3042 ($0.570) and HI the highest ($4.57). Maryland sits at the 35th percentile across 20 peer states.