Machine Shop workers comp rate in Minnesota
The filed workers comp rate for class code 3620 (Machine Shop) in Minnesota is $1.73 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $8,650 in base premium.
Rate per $100 $1.73
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 68%
Confidence HIGH
FAQ
What is the workers comp rate for code 3620 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 3620 (Machine Shop) in Minnesota is $1.73 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 3620 on $500,000 of payroll?
At $1.73 per $100, $500,000 of payroll yields a base premium of $8,650 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3620?
VA has the cheapest filed rate for code 3620 ($0.615) and CA the highest ($6.45). Minnesota sits at the 68th percentile across 22 peer states.