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Business Costs <br />Workers' Compensation Insurance <br />• Minnesota's workers' compensation costs are 30 percent below the median <br />total cost per claim among a 15-state sample, according to a 2010 report by <br />the non-profit Workers Compensation Research Institute (WCRI). <br />• Employers generally arrange workers' compensation coverage with private <br />insurers at a market rate. Minnesota's insurance industry is very competitive, <br />allowing for substantially reduced market -rate premiums. <br />Workers' Compensation Insurance <br />State <br />Overall Cost <br />per $100 (rank) <br />Office Worker Cost <br />per $100 (rank) <br />Mfg Assembly Cost <br />per $100 (rank) <br />Minnesota <br />Illinois <br />Ohio <br />Indiana <br />Michigan <br />Wisconsin <br />Source: Oregon Workers' <br />Business Services. <br />$2.27 (16) <br />$3.05 (3) <br />$2.24 (17) <br />$1.16 (50) <br />$2.12 (23) <br />$2.21 (19) <br />Compensation Premium <br />$0.25 (39) <br />$0.31 (23) <br />$0.32 (19) <br />$0.20 (44) <br />$0.26 (36) <br />$0.28 (31) <br />Rate Ranking 2010, February 2011, <br />$5.48 (13) <br />$8.69 (2) <br />$10.74 (1) <br />$2.69 (45) <br />$3.64 (31) <br />$3.04 (42) <br />Oregon Dept of Consumer and <br />Unemployment Insurance Tax <br />• Minnesota companies with the most favorable employment histories received <br />an unemployment insurance base tax rate of 0.5 percent in 2010. <br />2008 Unemployment Insurance Tax <br />State Tax Rate as Percent of Taxable Wages <br />Minnesota <br />2.98% <br />Average State Tax Per Worker at Tax Base <br />$209 <br />Illinois <br />Ohio <br />Indiana <br />Michigan <br />Wisconsin <br />2.92% <br />2.14% <br />3.60% <br />2.39 <br />3.65 <br />$263 <br />$278 <br />$288 <br />$299 <br />$438 <br />Source: ETA 205 Unemployment Insurance Service, Employment and Training Administration, U.S. Department of Labor. <br />Minnesota offers competitive insurance -related costs. <br />16 <br />