Railroad Operations workers comp rate in Alabama
The filed workers comp rate for class code 7420 (Railroad Operations) in Alabama is $2.71 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $13,550 in base premium.
Rate per $100 $2.71
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 44%
Confidence HIGH
FAQ
What is the workers comp rate for code 7420 in Alabama?
The filed workers comp loss cost / rate for NCCI class code 7420 (Railroad Operations) in Alabama is $2.71 per $100 of payroll, effective 2024-03-01.
How much would I pay in Alabama for code 7420 on $500,000 of payroll?
At $2.71 per $100, $500,000 of payroll yields a base premium of $13,550 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7420?
UT has the cheapest filed rate for code 7420 ($1.05) and HI the highest ($8.65). Alabama sits at the 44th percentile across 18 peer states.