Hardware Stores workers comp rate in Minnesota
The filed workers comp rate for class code 8006 (Hardware Stores) in Minnesota is $1.17 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $5,850 in base premium.
Rate per $100 $1.17
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 59%
Confidence HIGH
FAQ
What is the workers comp rate for code 8006 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 8006 (Hardware Stores) in Minnesota is $1.17 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 8006 on $500,000 of payroll?
At $1.17 per $100, $500,000 of payroll yields a base premium of $5,850 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 8006?
UT has the cheapest filed rate for code 8006 ($0.410) and CA the highest ($3.99). Minnesota sits at the 59th percentile across 22 peer states.