Iron & Steel Erection workers comp rate in Tennessee
The filed workers comp rate for class code 5040 (Iron & Steel Erection) in Tennessee is $2.24 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $11,200 in base premium.
Rate per $100 $2.24
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 14%
Confidence HIGH
FAQ
What is the workers comp rate for code 5040 in Tennessee?
The filed workers comp loss cost / rate for NCCI class code 5040 (Iron & Steel Erection) in Tennessee is $2.24 per $100 of payroll, effective 2024-03-01.
How much would I pay in Tennessee for code 5040 on $500,000 of payroll?
At $2.24 per $100, $500,000 of payroll yields a base premium of $11,200 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). Tennessee sits at the 14th percentile across 22 peer states.