Metal Wire Drawing workers comp rate in Rhode Island
The filed workers comp rate for class code 3042 (Metal Wire Drawing) in Rhode Island is $2.54 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $12,700 in base premium.
Rate per $100 $2.54
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 70%
Confidence HIGH
FAQ
What is the workers comp rate for code 3042 in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 3042 (Metal Wire Drawing) in Rhode Island is $2.54 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 3042 on $500,000 of payroll?
At $2.54 per $100, $500,000 of payroll yields a base premium of $12,700 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3042?
UT has the cheapest filed rate for code 3042 ($0.570) and HI the highest ($4.57). Rhode Island sits at the 70th percentile across 20 peer states.