Rhode Island · National Council on Compensation

Knit Goods Mfg. (N.O.C.) workers comp rate in Rhode Island

The filed workers comp rate for class code 2362 (Knit Goods Mfg. (N.O.C.)) in Rhode Island is $1.69 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $8,450 in base premium.

Rate per $100 $1.69
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 71%
Confidence HIGH

FAQ

What is the workers comp rate for code 2362 in Rhode Island?

The filed workers comp loss cost / rate for NCCI class code 2362 (Knit Goods Mfg. (N.O.C.)) in Rhode Island is $1.69 per $100 of payroll, effective 2024-08-01.

How much would I pay in Rhode Island for code 2362 on $500,000 of payroll?

At $1.69 per $100, $500,000 of payroll yields a base premium of $8,450 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). Rhode Island sits at the 71th percentile across 21 peer states.