Workers comp rates for code 7047: City Bus Company
NCCI class code 7047 covers City Bus Company in the transportation industry. The median rate across 36 states is $2.40 per $100 payroll. Rates range from $0.810 in Utah to $47.54 in Minnesota.
Also known as: Public Transit Bus · Urban Bus Service
Cheapest 5 states for code 7047
Code 7047 rates in all 36 states
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 7047
What occupation is NCCI class code 7047?
Class code 7047 is "City Bus Company" (also known as Public Transit Bus, Urban Bus Service), in the transportation industry. The code is filed in 36 states.
What is the average workers comp rate for code 7047?
The median rate across 36 states is $2.40 per $100 of payroll, ranging from $0.810 (Utah) to $47.54 (Minnesota).
Why does code 7047 cost more in some states than others?
Workers comp rates reflect each state's loss experience for that occupation, the rating bureau's methodology (NCCI vs. independent), schedule rating credits, and the state's medical-cost inflation. Some states are monopolistic (only the state fund writes coverage) while others are open competitive markets.