Ship Scrapping workers comp rate in Alabama
The filed workers comp rate for class code 6874 F (Ship Scrapping) in Alabama is $6.68 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $33,400 in base premium.
Rate per $100 $6.68
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 70%
Confidence HIGH
FAQ
What is the workers comp rate for code 6874 F in Alabama?
The filed workers comp loss cost / rate for NCCI class code 6874 F (Ship Scrapping) in Alabama is $6.68 per $100 of payroll, effective 2024-03-01.
How much would I pay in Alabama for code 6874 F on $500,000 of payroll?
At $6.68 per $100, $500,000 of payroll yields a base premium of $33,400 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 6874 F?
UT has the cheapest filed rate for code 6874 F ($1.83) and MN the highest ($14.51). Alabama sits at the 70th percentile across 20 peer states.