Railroad Shop Employees workers comp rate in Tennessee
The filed workers comp rate for class code 7421 (Railroad Shop Employees) in Tennessee is $0.240 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $1,200 in base premium.
Rate per $100 $0.240
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 27%
Confidence HIGH
FAQ
What is the workers comp rate for code 7421 in Tennessee?
The filed workers comp loss cost / rate for NCCI class code 7421 (Railroad Shop Employees) in Tennessee is $0.240 per $100 of payroll, effective 2024-03-01.
How much would I pay in Tennessee for code 7421 on $500,000 of payroll?
At $0.240 per $100, $500,000 of payroll yields a base premium of $1,200 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7421?
UT has the cheapest filed rate for code 7421 ($0.130) and HI the highest ($0.790). Tennessee sits at the 27th percentile across 22 peer states.