Clothing Manufacturing, Hand workers comp rate in Rhode Island
The filed workers comp rate for class code 2503 (Clothing Manufacturing, Hand) in Rhode Island is $1.00 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $5,000 in base premium.
Rate per $100 $1.00
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 76%
Confidence HIGH
FAQ
What is the workers comp rate for code 2503 in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 2503 (Clothing Manufacturing, Hand) in Rhode Island is $1.00 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 2503 on $500,000 of payroll?
At $1.00 per $100, $500,000 of payroll yields a base premium of $5,000 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 2503?
UT has the cheapest filed rate for code 2503 ($0.210) and NJ the highest ($2.48). Rhode Island sits at the 76th percentile across 21 peer states.