Building Steel Erection workers comp rate in Alabama
The filed workers comp rate for class code 5059 (Building Steel Erection) in Alabama is $7.22 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $36,100 in base premium.
Rate per $100 $7.22
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 33%
Confidence HIGH
FAQ
What is the workers comp rate for code 5059 in Alabama?
The filed workers comp loss cost / rate for NCCI class code 5059 (Building Steel Erection) in Alabama is $7.22 per $100 of payroll, effective 2024-03-01.
How much would I pay in Alabama for code 5059 on $500,000 of payroll?
At $7.22 per $100, $500,000 of payroll yields a base premium of $36,100 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 5059?
UT has the cheapest filed rate for code 5059 ($2.83) and IL the highest ($14.18). Alabama sits at the 33th percentile across 21 peer states.