Hospital, all other employees workers comp rate in Maryland
The filed workers comp rate for class code 9040 (Hospital, all other employees) in Maryland is $0.870 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $4,350 in base premium.
Rate per $100 $0.870
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 5%
Confidence HIGH
FAQ
What is the workers comp rate for code 9040 in Maryland?
The filed workers comp loss cost / rate for NCCI class code 9040 (Hospital, all other employees) in Maryland is $0.870 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 9040 on $500,000 of payroll?
At $0.870 per $100, $500,000 of payroll yields a base premium of $4,350 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 9040?
MD has the cheapest filed rate for code 9040 ($0.870) and HI the highest ($4.41). Maryland sits at the 5th percentile across 20 peer states.