Peat Digging workers comp rate in Maryland
The filed workers comp rate for class code 4061 (Peat Digging) in Maryland is $1.50 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $7,500 in base premium.
Rate per $100 $1.50
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 60%
Confidence HIGH
FAQ
What is the workers comp rate for code 4061 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 4061 (Peat Digging) in Maryland is $1.50 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 4061 on $500,000 of payroll?
At $1.50 per $100, $500,000 of payroll yields a base premium of $7,500 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 4061?
AR has the cheapest filed rate for code 4061 ($0.550) and MN the highest ($6.89). Maryland sits at the 60th percentile across 5 peer states.