Drug Manufacturing workers comp rate in Minnesota
The filed workers comp rate for class code 4511 (Drug Manufacturing) in Minnesota is $0.260 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $1,300 in base premium.
Rate per $100 $0.260
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 38%
Confidence HIGH
FAQ
What is the workers comp rate for code 4511 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 4511 (Drug Manufacturing) in Minnesota is $0.260 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 4511 on $500,000 of payroll?
At $0.260 per $100, $500,000 of payroll yields a base premium of $1,300 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 4511?
UT has the cheapest filed rate for code 4511 ($0.100) and HI the highest ($0.890). Minnesota sits at the 38th percentile across 21 peer states.