Question 1

How much does workers' comp cost for Investment Company in Maryland?

Accepted Answer

The current rate for Investment Company (Class Code 8840) in Maryland is $0.16 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $80 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Maryland?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Maryland for all employers with at least one employee.

Question 3

How does Maryland's rate compare to other states?

Accepted Answer

Maryland's rate for Investment Company is $0.16, which is $0.00 above the national average of $0.16 (+0%).

Question 4

What does class code 8840 cover?

Accepted Answer

Covers employees of investment companies performing portfolio management, trading, and client advisory services.

State	Rate per $100	Difference
Maryland (current)	$0.16	—
Indiana	$0.12	-0.04
Texas	$0.12	-0.04
Virginia	$0.12	-0.04
Arkansas	$0.13	-0.03
Colorado	$0.13	-0.03

Workers' Comp Rate for Investment Company in Maryland (Class Code 8840)

Get a Custom Quote for Investment Company in Maryland

Compare: Investment Company Rates in Other States

Get an Exact Quote for Your Business in Maryland

Related Class Codes in Maryland

Frequently Asked Questions

Ready to Get Covered?