Electric Utility Company workers comp rate in Minnesota
The filed workers comp rate for class code 7502 (Electric Utility Company) in Minnesota is $1.13 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $5,650 in base premium.
Rate per $100 $1.13
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 71%
Confidence HIGH
FAQ
What is the workers comp rate for code 7502 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 7502 (Electric Utility Company) in Minnesota is $1.13 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 7502 on $500,000 of payroll?
At $1.13 per $100, $500,000 of payroll yields a base premium of $5,650 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7502?
UT has the cheapest filed rate for code 7502 ($0.390) and NJ the highest ($4.15). Minnesota sits at the 71th percentile across 21 peer states.