Building raising workers comp rate in Maryland
The filed workers comp rate for class code 5703 (Building raising) in Maryland is $5.67 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $28,350 in base premium.
Rate per $100 $5.67
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 50%
Confidence HIGH
FAQ
What is the workers comp rate for code 5703 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 5703 (Building raising) in Maryland is $5.67 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 5703 on $500,000 of payroll?
At $5.67 per $100, $500,000 of payroll yields a base premium of $28,350 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 5703?
KS has the cheapest filed rate for code 5703 ($2.87) and AK the highest ($32.26). Maryland sits at the 50th percentile across 20 peer states.