Building Steel Erection workers comp rate in Rhode Island
The filed workers comp rate for class code 5059 (Building Steel Erection) in Rhode Island is $7.25 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $36,250 in base premium.
Rate per $100 $7.25
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 38%
Confidence HIGH
FAQ
What is the workers comp rate for code 5059 in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 5059 (Building Steel Erection) in Rhode Island is $7.25 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 5059 on $500,000 of payroll?
At $7.25 per $100, $500,000 of payroll yields a base premium of $36,250 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). Rhode Island sits at the 38th percentile across 21 peer states.