Street or Road Construction - Excavation workers comp rate in Minnesota
The filed workers comp rate for class code 5506 (Street or Road Construction - Excavation) in Minnesota is $3.07 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $15,350 in base premium.
Rate per $100 $3.07
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 68%
Confidence HIGH
FAQ
What is the workers comp rate for code 5506 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 5506 (Street or Road Construction - Excavation) in Minnesota is $3.07 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 5506 on $500,000 of payroll?
At $3.07 per $100, $500,000 of payroll yields a base premium of $15,350 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). Minnesota sits at the 68th percentile across 19 peer states.