Building Steel Erection workers comp rate in Minnesota
The filed workers comp rate for class code 5059 (Building Steel Erection) in Minnesota is $11.96 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $59,800 in base premium.
Rate per $100 $11.96
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 90%
Confidence HIGH
FAQ
What is the workers comp rate for code 5059 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 5059 (Building Steel Erection) in Minnesota is $11.96 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 5059 on $500,000 of payroll?
At $11.96 per $100, $500,000 of payroll yields a base premium of $59,800 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 5059?
UT has the cheapest filed rate for code 5059 ($2.83) and IL the highest ($14.18). Minnesota sits at the 90th percentile across 21 peer states.