Machine Parts Mfg. - N.O.C. workers comp rate in Rhode Island
The filed workers comp rate for class code 3064 (Machine Parts Mfg. - N.O.C.) in Rhode Island is $2.43 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $12,150 in base premium.
Source quote
"CLASS CODE 3064 LOSS COST 2.43"
From National Council on Compensation, effective 2024-08-01.
FAQ
What is the workers comp rate for code 3064 in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 3064 (Machine Parts Mfg. - N.O.C.) in Rhode Island is $2.43 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 3064 on $500,000 of payroll?
At $2.43 per $100, $500,000 of payroll yields a base premium of $12,150 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3064?
UT has the cheapest filed rate for code 3064 ($0.590) and IL the highest ($4.31). Rhode Island sits at the 80th percentile across 20 peer states.