Jute & Hemp Spinning & Weaving workers comp rate in Alabama
The filed workers comp rate for class code 2305 (Jute & Hemp Spinning & Weaving) in Alabama is $1.30 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $6,500 in base premium.
Rate per $100 $1.30
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 63%
Confidence HIGH
FAQ
What is the workers comp rate for code 2305 in Alabama?
The filed workers comp loss cost / rate for NCCI class code 2305 (Jute & Hemp Spinning & Weaving) in Alabama is $1.30 per $100 of payroll, effective 2024-03-01.
How much would I pay in Alabama for code 2305 on $500,000 of payroll?
At $1.30 per $100, $500,000 of payroll yields a base premium of $6,500 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 2305?
UT has the cheapest filed rate for code 2305 ($0.490) and PA the highest ($3.80). Alabama sits at the 63th percentile across 19 peer states.