Wood Musical Instrument Mfg. workers comp rate in Rhode Island
The filed workers comp rate for class code 2731 (Wood Musical Instrument Mfg.) in Rhode Island is $2.82 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $14,100 in base premium.
Rate per $100 $2.82
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 86%
Confidence HIGH
FAQ
What is the workers comp rate for code 2731 in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 2731 (Wood Musical Instrument Mfg.) in Rhode Island is $2.82 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 2731 on $500,000 of payroll?
At $2.82 per $100, $500,000 of payroll yields a base premium of $14,100 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 2731?
UT has the cheapest filed rate for code 2731 ($0.810) and CA the highest ($6.44). Rhode Island sits at the 86th percentile across 21 peer states.