Match Manufacturing workers comp rate in Minnesota
The filed workers comp rate for class code 4703 (Match Manufacturing) in Minnesota is $1.07 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $5,350 in base premium.
Rate per $100 $1.07
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 79%
Confidence HIGH
FAQ
What is the workers comp rate for code 4703 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 4703 (Match Manufacturing) in Minnesota is $1.07 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 4703 on $500,000 of payroll?
At $1.07 per $100, $500,000 of payroll yields a base premium of $5,350 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). Minnesota sits at the 79th percentile across 19 peer states.