Trucking, oil field equipment workers comp rate in Minnesota
The filed workers comp rate for class code 7232 (Trucking, oil field equipment) in Minnesota is $4.96 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $24,800 in base premium.
Rate per $100 $4.96
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 61%
Confidence HIGH
FAQ
What is the workers comp rate for code 7232 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 7232 (Trucking, oil field equipment) in Minnesota is $4.96 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 7232 on $500,000 of payroll?
At $4.96 per $100, $500,000 of payroll yields a base premium of $24,800 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7232?
UT has the cheapest filed rate for code 7232 ($1.43) and IL the highest ($10.35). Minnesota sits at the 61th percentile across 18 peer states.