Aluminum Foundry workers comp rate in Alabama
The filed workers comp rate for class code 3118 (Aluminum Foundry) in Alabama is $0.940 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $4,700 in base premium.
Rate per $100 $0.940
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 53%
Confidence HIGH
FAQ
What is the workers comp rate for code 3118 in Alabama?
The filed workers comp loss cost / rate for NCCI class code 3118 (Aluminum Foundry) in Alabama is $0.940 per $100 of payroll, effective 2024-03-01.
How much would I pay in Alabama for code 3118 on $500,000 of payroll?
At $0.940 per $100, $500,000 of payroll yields a base premium of $4,700 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3118?
UT has the cheapest filed rate for code 3118 ($0.360) and NJ the highest ($2.18). Alabama sits at the 53th percentile across 19 peer states.