Retail Store - Department Store workers comp rate in Minnesota
The filed workers comp rate for class code 8203 (Retail Store - Department Store) in Minnesota is $3.64 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $18,200 in base premium.
Rate per $100 $3.64
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 63%
Confidence HIGH
FAQ
What is the workers comp rate for code 8203 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 8203 (Retail Store - Department Store) in Minnesota is $3.64 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 8203 on $500,000 of payroll?
At $3.64 per $100, $500,000 of payroll yields a base premium of $18,200 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 8203?
UT has the cheapest filed rate for code 8203 ($1.21) and NJ the highest ($10.66). Minnesota sits at the 63th percentile across 19 peer states.