Knit Goods Mfg. (N.O.C.) workers comp rate in Alabama
The filed workers comp rate for class code 2362 (Knit Goods Mfg. (N.O.C.)) in Alabama is $1.23 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $6,150 in base premium.
Rate per $100 $1.23
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 48%
Confidence HIGH
FAQ
What is the workers comp rate for code 2362 in Alabama?
The filed workers comp loss cost / rate for NCCI class code 2362 (Knit Goods Mfg. (N.O.C.)) in Alabama is $1.23 per $100 of payroll, effective 2024-03-01.
How much would I pay in Alabama for code 2362 on $500,000 of payroll?
At $1.23 per $100, $500,000 of payroll yields a base premium of $6,150 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 2362?
UT has the cheapest filed rate for code 2362 ($0.480) and CA the highest ($12.18). Alabama sits at the 48th percentile across 21 peer states.