Street or Road Construction - Excavation workers comp rate in Maryland
The filed workers comp rate for class code 5506 (Street or Road Construction - Excavation) in Maryland is $2.66 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $13,300 in base premium.
Rate per $100 $2.66
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 42%
Confidence HIGH
FAQ
What is the workers comp rate for code 5506 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 5506 (Street or Road Construction - Excavation) in Maryland is $2.66 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 5506 on $500,000 of payroll?
At $2.66 per $100, $500,000 of payroll yields a base premium of $13,300 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 5506?
KS has the cheapest filed rate for code 5506 ($1.21) and NY the highest ($8.46). Maryland sits at the 42th percentile across 19 peer states.