Iron & Steel Erection workers comp rate in Utah
The filed workers comp rate for class code 5040 (Iron & Steel Erection) in Utah is $0.930 per $100 of payroll , effective 2025-02-01. On $500,000 of payroll, that's roughly $4,650 in base premium.
Rate per $100 $0.930
Rate type advisory_pure_premium
Authority National Council on Compensation
Effective 2025-02-01
vs peers 5%
Confidence HIGH
FAQ
What is the workers comp rate for code 5040 in Utah?
The filed workers comp loss cost / rate for NCCI class code 5040 (Iron & Steel Erection) in Utah is $0.930 per $100 of payroll, effective 2025-02-01.
How much would I pay in Utah for code 5040 on $500,000 of payroll?
At $0.930 per $100, $500,000 of payroll yields a base premium of $4,650 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). Utah sits at the 5th percentile across 22 peer states.