Workers comp rates for code 7540: Parking Garage/Lot
NCCI class code 7540 covers Parking Garage/Lot in the services industry. The median rate across 18 states is $1.63 per $100 payroll. Rates range from $0.460 in Utah to $3.66 in Illinois.
Also known as: Parking Facility
Most expensive 5 states
- Illinois $3.66
- Nevada $2.17
- New Jersey $2.12
- Rhode Island $1.85
- Alabama $1.80
Code 7540 rates in all 18 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| Utah | 7540 | $0.460 | 6% | view |
| Kansas | 7540 | $0.680 | 11% | view |
| Virginia | 7540 | $1.06 | 17% | view |
| Kentucky | 7540 | $1.31 | 22% | view |
| Michigan | 7540 | $1.38 | 28% | view |
| Oklahoma | 7540 | $1.39 | 33% | view |
| Indiana | 7540 | $1.48 | 39% | view |
| Alaska | 7540 | $1.52 | 44% | view |
| Maryland | 7540 | $1.58 | 50% | view |
| Louisiana | 7540 | $1.63 | 61% | view |
| Minnesota | 7540 | $1.63 | 61% | view |
| Tennessee | 7540 | $1.64 | 67% | view |
| Arkansas | 7540 | $1.65 | 72% | view |
| Alabama | 7540 | $1.80 | 78% | view |
| Rhode Island | 7540 | $1.85 | 83% | view |
| New Jersey | 7540 | $2.12 | 89% | view |
| Nevada | 7540 | $2.17 | 94% | view |
| Illinois | 7540 | $3.66 | 100% | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 7540
What occupation is NCCI class code 7540?
Class code 7540 is "Parking Garage/Lot" (also known as Parking Facility), in the services industry. The code is filed in 18 states.
What is the average workers comp rate for code 7540?
The median rate across 18 states is $1.63 per $100 of payroll, ranging from $0.460 (Utah) to $3.66 (Illinois).
Why does code 7540 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.