Steel Foundry workers comp rate in Alabama
The filed workers comp rate for class code 3114 (Steel Foundry) in Alabama is $1.32 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $6,600 in base premium.
Rate per $100 $1.32
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 43%
Confidence HIGH
FAQ
What is the workers comp rate for code 3114 in Alabama?
The filed workers comp loss cost / rate for NCCI class code 3114 (Steel Foundry) in Alabama is $1.32 per $100 of payroll, effective 2024-03-01.
How much would I pay in Alabama for code 3114 on $500,000 of payroll?
At $1.32 per $100, $500,000 of payroll yields a base premium of $6,600 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3114?
UT has the cheapest filed rate for code 3114 ($0.480) and NJ the highest ($3.51). Alabama sits at the 43th percentile across 21 peer states.