Railroad Operation - shop work workers comp rate in Rhode Island
The filed workers comp rate for class code 6704 M (Railroad Operation - shop work) in Rhode Island is $2.61 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $13,050 in base premium.
Rate per $100 $2.61
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 63%
Confidence HIGH
FAQ
What is the workers comp rate for code 6704 M in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 6704 M (Railroad Operation - shop work) in Rhode Island is $2.61 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 6704 M on $500,000 of payroll?
At $2.61 per $100, $500,000 of payroll yields a base premium of $13,050 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 6704 M?
UT has the cheapest filed rate for code 6704 M ($1.65) and KS the highest ($4.60). Rhode Island sits at the 63th percentile across 16 peer states.