Railroad Operations workers comp rate in Rhode Island
The filed workers comp rate for class code 7420 (Railroad Operations) in Rhode Island is $6.70 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $33,500 in base premium.
Rate per $100 $6.70
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 94%
Confidence HIGH
FAQ
What is the workers comp rate for code 7420 in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 7420 (Railroad Operations) in Rhode Island is $6.70 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 7420 on $500,000 of payroll?
At $6.70 per $100, $500,000 of payroll yields a base premium of $33,500 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). Rhode Island sits at the 94th percentile across 18 peer states.