Minnesota workers' compensation rates may see increase in 2020.

Workers Comp Rates in Minnesota are competitive with the national averages and they have remained fairly steady for the past five years. MN rates are expected to increase slightly over 2020.

Minnesota is an NCCI state like most other states. This means that NCCI oversees employers' experience modifiers and collects all data for the state including claims, class codes, premiums, and payroll. They analyze this data and make annual recommendations to carriers and to the Minnesota Department of Insurance. Every Insurance company is required to file their rates with the state for approval each year.

Workers' compensation rates may still vary for the same class codes in Minnesota because insurance companies can apply policy credits and debits up to 25% to adjust their filed rates. More discounts may also be added to a policy depending on the size of payroll and overall claims experience.

Don't get stuck paying too much for your workers' comp coverage. Our agents know how to get you the lowest rates for your business. Call us today to find out how knowledegable agents, expert advice and more choices lead to the best workers' comp quote.

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Workers Comp Rates are an Art & Science

What influences my workers comp insurance cost?

Your State & Class Codes

Insurance companies file their "base manual rates" for approval with each state for all class codes. Rate recommendations are generally made to the state and carriers annually by the National Council on Compensation Insurance.

Your Claims or Losses

Employee claims are reported to NCCI and statistically compared with all other similar type businesses using the same class code in each state. An Experience Modification Rate may apply to your business after a few years of coverage.

Prior Experience & Coverage

Insurance company underwriters are permitted to make premium rate adjustments based on unique factors about your business, safety practices, and management experience in most states.

Policy Credits and Debits

Insurance companies may apply policy credits and debits to the base manual rates. Additional discounts can be applied to premium as the total payroll & premium increases.

Smart Agents with expertise in workers' compensation insurance utilize this information to negotiate your insurance rates with underwriters. A good narrative about your business helps insurance companies justify a better price.

Minnesota Rates for Select Work Comp Class Codes

We Track and Monitor Filed Rates for Most State Class Codes. Select Codes Listed:

The workers' compensation rates listed below for Minnesota represent the current insurance rates for 2020. Rates are regulated by the Minnesota Department of Commerce and Minnesota Labor and Industry. Insurance companies may be able to offer premium discounts and policy credits to policies. We offer Pay As You Go coverage in Minnesota. Not all employers will qualify for the lowest rates available or maximum policy credits. We shop rates with more carriers so our customers get the best deal on their coverage.

Class Code & Description Low Rate High Rate
0035 Farm- Planting and Harvesting- Cannabis Growers $5.45 $5.45
0042 Landscaping Service $12.57 $12.57
0106 Tree Trimming- Pruning- Removal $12.57 $12.57
0917 Residential Cleaning Service- Housekeepers $9.05 $9.05
2111 Winery- Wine Makers $5.39 $5.38
2121 Breweries- Craft Beers $3.27 $3.27
2585 Carpet Cleaning $6.57 $6.57
2585* Dry Cleaning and Laundry Service $6.57 $6.57
3632 Machine Shop $6.66 $6.66
3724 Garage Door Installation $8.99 $8.99
3821 Salvage Yard $3.94 $11.25
5022 Masonry $6.63 $18.95
5102 Door & Window Installation $4.82 $13.78
5183 Plumbing $2.66 $7.59
5190 Electrical Wiring $1.87 $5.34
5221 Concrete Construction $4.47 $12.76
5348 Tile Installation $4.29 $12.27
5437 Carpentry Trim $7.17 $20.49
5474 Painting $4.86 $13.89
5478 Flooring $6.17 $17.63
5537 HVAC Installation & Repair $2.27 $6.49
5645 Carpentry Noc. Residential Construction $6.83 $19.50
7228 Short Haul Trucking $4.26 $12.18
7605 Alarm Installation $0.69 $1.98
8006 Gas Station $1.51 $4.32
8017 Retail Store $0.91 $2.61
8380 Auto Shop $2.03 $5.80
8742 Outside Sales Person $0.21 $0.61
8810 Clerical - NOC $0.10 $0.22
8832 Doctors Office $0.24 $0.69
8835 Home Health Care $1.19 $3.41
8842 Group Homes $1.18 $3.38
9012 Building Operations By Owner $0.98 $2.81
9014 Janitorial Cleaning $2.39 $6.82
9015 Building Operations By Contractor $2.39 $6.82
9052 Hotel Employees $1.62 $4.62
9082 Restaurant $0.85 $2.42
9083 Restaurant Fast Food $0.97 $2.78
9102 Lawn Care $2.31 $6.60
9516 Electrical Equipment Service & Repair $3.34 $9.54

Minnesota rates vary by workers' compensation class codes and insurance company underwriting guidelines. Employers' who have an Experience Modification Rate assigned to their business may have additional credits or debits applied to their insurance rates based on prior premiums and workers compensation loss experience. While there is not a State Fund in MN, assigned risk policies may be purchased through the Minnesota Workers Compensation Assigned Risk Plan (MWCARP).


State Resources for Minnesota

Minnesota Department of Commerce

85 7th Place East, Suite 500
St. Paul, MN 55101
651-296-2488
http://mn.gov/commerce/insurance/

Minnesota Labor and Industry

Workers Compensation Division
443 Lafayette Road
St. Paul, MN 55155
1-800-342-5354
http://www.dli.mn.gov/wc/contact.asp

Minnesota is under the Jurisdiction of the National Council for Compensation Insurance (NCCI) and contracts with Travelers as the state fund carrier.

Our agency helps employers find guaranteed state fund workers' comp in MN. If we can't find more affordable coverage with a private insurance company, we can help you buy a state fund policy.

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Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.

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