Ship Scrapping workers comp rate in Minnesota
The filed workers comp rate for class code 6874 F (Ship Scrapping) in Minnesota is $14.51 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $72,550 in base premium.
Rate per $100 $14.51
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 100%
Confidence HIGH
FAQ
What is the workers comp rate for code 6874 F in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 6874 F (Ship Scrapping) in Minnesota is $14.51 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 6874 F on $500,000 of payroll?
At $14.51 per $100, $500,000 of payroll yields a base premium of $72,550 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 6874 F?
UT has the cheapest filed rate for code 6874 F ($1.83) and MN the highest ($14.51). Minnesota sits at the 100th percentile across 20 peer states.