Elevator Erection or Repair workers comp rate in Rhode Island
The filed workers comp rate for class code 5160 (Elevator Erection or Repair) in Rhode Island is $1.17 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $5,850 in base premium.
Rate per $100 $1.17
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 59%
Confidence HIGH
FAQ
What is the workers comp rate for code 5160 in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 5160 (Elevator Erection or Repair) in Rhode Island is $1.17 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 5160 on $500,000 of payroll?
At $1.17 per $100, $500,000 of payroll yields a base premium of $5,850 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 5160?
UT has the cheapest filed rate for code 5160 ($0.360) and NJ the highest ($3.91). Rhode Island sits at the 59th percentile across 22 peer states.