Building Steel Erection workers comp rate in New York
The filed workers comp rate for class code 5059 (Building Steel Erection) in New York is $8.41 per $100 of payroll , effective 2025-10-01. On $500,000 of payroll, that's roughly $42,070 in base premium.
Rate per $100 $8.41
Rate type loss_cost
Authority New York Compensation Insurance Rating
Effective 2025-10-01
vs peers 48%
Confidence HIGH
FAQ
What is the workers comp rate for code 5059 in New York?
The filed workers comp loss cost / rate for NCCI class code 5059 (Building Steel Erection) in New York is $8.41 per $100 of payroll, effective 2025-10-01.
How much would I pay in New York for code 5059 on $500,000 of payroll?
At $8.41 per $100, $500,000 of payroll yields a base premium of $42,070 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). New York sits at the 48th percentile across 21 peer states.