Railroad Operations workers comp rate in Minnesota
The filed workers comp rate for class code 7420 (Railroad Operations) in Minnesota is $2.34 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $11,700 in base premium.
Rate per $100 $2.34
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 33%
Confidence HIGH
FAQ
What is the workers comp rate for code 7420 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 7420 (Railroad Operations) in Minnesota is $2.34 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 7420 on $500,000 of payroll?
At $2.34 per $100, $500,000 of payroll yields a base premium of $11,700 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7420?
UT has the cheapest filed rate for code 7420 ($1.05) and HI the highest ($8.65). Minnesota sits at the 33th percentile across 18 peer states.