Livery Service workers comp rate in Maryland
The filed workers comp rate for class code 7405 N (Livery Service) in Maryland is $0.470 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $2,350 in base premium.
Rate per $100 $0.470
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 29%
Confidence HIGH
FAQ
What is the workers comp rate for code 7405 N in Maryland?
The filed workers comp loss cost / rate for NCCI class code 7405 N (Livery Service) in Maryland is $0.470 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 7405 N on $500,000 of payroll?
At $0.470 per $100, $500,000 of payroll yields a base premium of $2,350 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7405 N?
TN has the cheapest filed rate for code 7405 N ($0.170) and HI the highest ($1.49). Maryland sits at the 29th percentile across 17 peer states.