Building raising workers comp rate in Minnesota
The filed workers comp rate for class code 5703 (Building raising) in Minnesota is $13.16 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $65,800 in base premium.
Rate per $100 $13.16
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 90%
Confidence HIGH
FAQ
What is the workers comp rate for code 5703 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 5703 (Building raising) in Minnesota is $13.16 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 5703 on $500,000 of payroll?
At $13.16 per $100, $500,000 of payroll yields a base premium of $65,800 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). Minnesota sits at the 90th percentile across 20 peer states.