Farm Machinery Sales workers comp rate in Alabama
The filed workers comp rate for class code 8745 (Farm Machinery Sales) in Alabama is $1.85 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $9,250 in base premium.
Rate per $100 $1.85
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 41%
Confidence HIGH
FAQ
What is the workers comp rate for code 8745 in Alabama?
The filed workers comp loss cost / rate for NCCI class code 8745 (Farm Machinery Sales) in Alabama is $1.85 per $100 of payroll, effective 2024-03-01.
How much would I pay in Alabama for code 8745 on $500,000 of payroll?
At $1.85 per $100, $500,000 of payroll yields a base premium of $9,250 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 8745?
UT has the cheapest filed rate for code 8745 ($0.750) and CA the highest ($9.21). Alabama sits at the 41th percentile across 22 peer states.