Workers comp rates for code 7403: Taxicab Service
NCCI class code 7403 covers Taxicab Service in the transportation industry. The median rate across 21 states is $1.96 per $100 payroll. Rates range from $0.900 in Kentucky to $5.97 in California.
Also known as: Taxi Company · Cab Service
Cheapest 5 states for code 7403
Most expensive 5 states
- California $5.97
- Illinois $5.27
- New York $3.84
- New Jersey $3.82
- Hawaii $3.00
Code 7403 rates in all 21 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| Kentucky | 7403 | $0.900 | 5% | view |
| Kansas | 7403 | $0.950 | 10% | view |
| Alabama | 7403 | $1.01 | 14% | view |
| Oklahoma | 7403 | $1.05 | 19% | view |
| Virginia | 7403 | $1.06 | 24% | view |
| Utah | 7403 | $1.08 | 29% | view |
| Tennessee | 7403 | $1.64 | 33% | view |
| Oregon | 7403 | $1.68 | 38% | view |
| Maryland | 7403 | $1.72 | 43% | view |
| Louisiana | 7403 | $1.82 | 48% | view |
| Indiana | 7403 | $1.96 | 52% | view |
| Nevada | 7403 | $2.10 | 57% | view |
| Arkansas | 7403 | $2.17 | 62% | view |
| Michigan | 7403 | $2.24 | 67% | view |
| Minnesota | 7403 | $2.44 | 71% | view |
| Rhode Island | 7403 | $2.99 | 76% | view |
| Hawaii | 7403 | $3.00 | 81% | view |
| New Jersey | 7403 | $3.82 | 86% | view |
| New York | 7403 | $3.84 | 90% | view |
| Illinois | 7403 | $5.27 | 95% | view |
| California | 7403 | $5.97 | 100% | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 7403
What occupation is NCCI class code 7403?
Class code 7403 is "Taxicab Service" (also known as Taxi Company, Cab Service), in the transportation industry. The code is filed in 21 states.
What is the average workers comp rate for code 7403?
The median rate across 21 states is $1.96 per $100 of payroll, ranging from $0.900 (Kentucky) to $5.97 (California).
Why does code 7403 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.