Industrial Machinery Manufacturing - NOC workers comp rate in Minnesota
The filed workers comp rate for class code 3824 (Industrial Machinery Manufacturing - NOC) in Minnesota is $2.73 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $13,650 in base premium.
Rate per $100 $2.73
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 85%
Confidence HIGH
FAQ
What is the workers comp rate for code 3824 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 3824 (Industrial Machinery Manufacturing - NOC) in Minnesota is $2.73 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 3824 on $500,000 of payroll?
At $2.73 per $100, $500,000 of payroll yields a base premium of $13,650 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3824?
UT has the cheapest filed rate for code 3824 ($0.780) and HI the highest ($3.92). Minnesota sits at the 85th percentile across 20 peer states.