Retail Jewelry Store workers comp rate in Minnesota
The filed workers comp rate for class code 8034 (Retail Jewelry Store) in Minnesota is $1.68 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $8,400 in base premium.
Rate per $100 $1.68
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 25%
Confidence HIGH
FAQ
What is the workers comp rate for code 8034 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 8034 (Retail Jewelry Store) in Minnesota is $1.68 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 8034 on $500,000 of payroll?
At $1.68 per $100, $500,000 of payroll yields a base premium of $8,400 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 8034?
MN has the cheapest filed rate for code 8034 ($1.68) and NJ the highest ($7.03). Minnesota sits at the 25th percentile across 4 peer states.