Maryland · National Council on Compensation

City Bus Company workers comp rate in Maryland

The filed workers comp rate for class code 7047 M (City Bus Company) in Maryland is $2.32 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $11,600 in base premium.

Rate per $100 $2.32
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 33%
Confidence HIGH

FAQ

What is the workers comp rate for code 7047 M in Maryland?

The filed workers comp loss cost / rate for NCCI class code 7047 M (City Bus Company) in Maryland is $2.32 per $100 of payroll, effective 2024-01-01.

How much would I pay in Maryland for code 7047 M on $500,000 of payroll?

At $2.32 per $100, $500,000 of payroll yields a base premium of $11,600 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.

Where else can I see code 7047 M?

KY has the cheapest filed rate for code 7047 M ($1.71) and NV the highest ($6.46). Maryland sits at the 33th percentile across 18 peer states.