Farm Machinery Sales workers comp rate in Maryland
The filed workers comp rate for class code 8745 (Farm Machinery Sales) in Maryland is $1.86 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $9,300 in base premium.
Rate per $100 $1.86
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 45%
Confidence HIGH
FAQ
What is the workers comp rate for code 8745 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 8745 (Farm Machinery Sales) in Maryland is $1.86 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 8745 on $500,000 of payroll?
At $1.86 per $100, $500,000 of payroll yields a base premium of $9,300 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 8745?
UT has the cheapest filed rate for code 8745 ($0.750) and CA the highest ($9.21). Maryland sits at the 45th percentile across 22 peer states.