Jute & Hemp Spinning & Weaving workers comp rate in Rhode Island
The filed workers comp rate for class code 2305 (Jute & Hemp Spinning & Weaving) in Rhode Island is $1.54 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $7,700 in base premium.
Rate per $100 $1.54
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 74%
Confidence HIGH
FAQ
What is the workers comp rate for code 2305 in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 2305 (Jute & Hemp Spinning & Weaving) in Rhode Island is $1.54 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 2305 on $500,000 of payroll?
At $1.54 per $100, $500,000 of payroll yields a base premium of $7,700 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). Rhode Island sits at the 74th percentile across 19 peer states.