Elevator Erection or Repair workers comp rate in Maryland
The filed workers comp rate for class code 5160 (Elevator Erection or Repair) in Maryland is $1.07 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $5,350 in base premium.
Rate per $100 $1.07
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 45%
Confidence HIGH
FAQ
What is the workers comp rate for code 5160 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 5160 (Elevator Erection or Repair) in Maryland is $1.07 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 5160 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 5160?
UT has the cheapest filed rate for code 5160 ($0.360) and NJ the highest ($3.91). Maryland sits at the 45th percentile across 22 peer states.