Iron & Steel Erection workers comp rate in Rhode Island
The filed workers comp rate for class code 5040 (Iron & Steel Erection) in Rhode Island is $5.14 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $25,700 in base premium.
Rate per $100 $5.14
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 73%
Confidence HIGH
FAQ
What is the workers comp rate for code 5040 in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 5040 (Iron & Steel Erection) in Rhode Island is $5.14 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 5040 on $500,000 of payroll?
At $5.14 per $100, $500,000 of payroll yields a base premium of $25,700 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). Rhode Island sits at the 73th percentile across 22 peer states.