Match Manufacturing workers comp rate in Maryland
The filed workers comp rate for class code 4703 (Match Manufacturing) in Maryland is $0.590 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $2,950 in base premium.
Rate per $100 $0.590
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 37%
Confidence HIGH
FAQ
What is the workers comp rate for code 4703 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 4703 (Match Manufacturing) in Maryland is $0.590 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 4703 on $500,000 of payroll?
At $0.590 per $100, $500,000 of payroll yields a base premium of $2,950 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 4703?
UT has the cheapest filed rate for code 4703 ($0.270) and NJ the highest ($2.26). Maryland sits at the 37th percentile across 19 peer states.