Parking Garage/Lot workers comp rate in Minnesota
The filed workers comp rate for class code 7540 (Parking Garage/Lot) in Minnesota is $1.63 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $8,150 in base premium.
Rate per $100 $1.63
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 61%
Confidence HIGH
FAQ
What is the workers comp rate for code 7540 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 7540 (Parking Garage/Lot) in Minnesota is $1.63 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 7540 on $500,000 of payroll?
At $1.63 per $100, $500,000 of payroll yields a base premium of $8,150 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7540?
UT has the cheapest filed rate for code 7540 ($0.460) and IL the highest ($3.66). Minnesota sits at the 61th percentile across 18 peer states.