Taxicab Service workers comp rate in Minnesota
The filed workers comp rate for class code 7403 (Taxicab Service) in Minnesota is $2.44 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $12,200 in base premium.
Rate per $100 $2.44
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 71%
Confidence HIGH
FAQ
What is the workers comp rate for code 7403 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 7403 (Taxicab Service) in Minnesota is $2.44 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 7403 on $500,000 of payroll?
At $2.44 per $100, $500,000 of payroll yields a base premium of $12,200 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7403?
KY has the cheapest filed rate for code 7403 ($0.900) and CA the highest ($5.97). Minnesota sits at the 71th percentile across 21 peer states.