Iron & Steel Erection workers comp rate in New York
The filed workers comp rate for class code 5040 (Iron & Steel Erection) in New York is $12.56 per $100 of payroll , effective 2025-10-01. On $500,000 of payroll, that's roughly $62,790 in base premium.
Rate per $100 $12.56
Rate type loss_cost
Authority New York Compensation Insurance Rating
Effective 2025-10-01
vs peers 95%
Confidence HIGH
FAQ
What is the workers comp rate for code 5040 in New York?
The filed workers comp loss cost / rate for NCCI class code 5040 (Iron & Steel Erection) in New York is $12.56 per $100 of payroll, effective 2025-10-01.
How much would I pay in New York for code 5040 on $500,000 of payroll?
At $12.56 per $100, $500,000 of payroll yields a base premium of $62,790 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 5040?
UT has the cheapest filed rate for code 5040 ($0.930) and IL the highest ($12.83). New York sits at the 95th percentile across 22 peer states.