Millwright, installation/erection of machinery workers comp rate in Rhode Island
The filed workers comp rate for class code 3724 (Millwright, installation/erection of machinery) in Rhode Island is $2.03 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $10,150 in base premium.
Rate per $100 $2.03
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 55%
Confidence HIGH
FAQ
What is the workers comp rate for code 3724 in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 3724 (Millwright, installation/erection of machinery) in Rhode Island is $2.03 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 3724 on $500,000 of payroll?
At $2.03 per $100, $500,000 of payroll yields a base premium of $10,150 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3724?
UT has the cheapest filed rate for code 3724 ($0.590) and NJ the highest ($5.87). Rhode Island sits at the 55th percentile across 22 peer states.