Workers' Comp Rates for Iron/Steel Erection - Frame (Class Code 5040)
Description
Covers workers erecting structural iron or steel frames for buildings and other structures.
Common Businesses
Structural steel erectorsIron workersSteel frame contractorsHigh-rise construction firms
Hazard Group
G
National Avg Rate
$26.24
per $100 payroll
Most Expensive States
- New York$35.53
- Alaska$34.79
- California$33.08
Rates by State for Class Code 5040
47 jurisdictions rate this code per $100 of payroll. North Dakota, Ohio, Washington and Wyoming are not included. Each is a monopolistic state fund that sets premium on its own basis rather than on an NCCI class-code rate per $100 of payroll, so there is no comparable figure to average or rank.
| State | Rate per $100 | vs. National Avg | Effective |
|---|---|---|---|
| Indiana | $19.11 | -7.13 | 2026-01-01 |
| Texas | $19.33 | -6.91 | 2026-07-01 |
| Virginia | $20.33 | -5.91 | 2026-04-01 |
| Utah | $20.83 | -5.41 | 2026-02-01 |
| Arkansas | $21.56 | -4.68 | 2026-07-01 |
| Colorado | $21.81 | -4.43 | 2026-01-01 |
| Tennessee | $22.30 | -3.94 | 2026-03-01 |
| Arizona | $22.54 | -3.70 | 2026-01-01 |
| South Dakota | $22.79 | -3.45 | 2026-07-01 |
| Nebraska | $23.03 | -3.21 | 2026-02-01 |
| North Carolina | $23.03 | -3.21 | 2026-04-01 |
| Idaho | $23.28 | -2.96 | 2026-01-01 |
| Kansas | $23.52 | -2.72 | 2026-01-01 |
| Mississippi | $23.77 | -2.47 | 2026-03-01 |
| New Mexico | $24.01 | -2.23 | 2026-01-01 |
| South Carolina | $24.26 | -1.98 | 2026-04-01 |
| Kentucky | $24.50 | -1.74 | 2026-01-01 |
| Iowa | $24.99 | -1.25 | 2026-01-01 |
| Missouri | $25.24 | -1.00 | 2026-01-01 |
| Nevada | $25.48 | -0.76 | 2026-03-01 |
| Georgia | $25.73 | -0.51 | 2026-03-01 |
| Maryland | $25.73 | -0.51 | 2026-01-01 |
| Oregon | $25.97 | -0.27 | 2026-01-01 |
| West Virginia | $26.22 | -0.02 | 2026-01-01 |
| Alabama | $26.46 | +0.22 | 2026-03-01 |
| Minnesota | $26.46 | +0.22 | 2026-01-01 |
| New Hampshire | $26.46 | +0.22 | 2026-01-01 |
| Delaware | $26.95 | +0.71 | 2025-12-01 |
| Maine | $26.95 | +0.71 | 2025-04-01 |
| Wisconsin | $26.95 | +0.71 | 2025-10-01 |
| Michigan | $27.44 | +1.20 | 2026-01-01 |
| Vermont | $27.44 | +1.20 | 2026-04-01 |
| Rhode Island | $27.93 | +1.69 | 2026-08-01 |
| Florida | $28.17 | +1.93 | 2026-01-01 |
| Montana | $28.17 | +1.93 | 2026-07-01 |
| District of Columbia | $28.91 | +2.67 | 2026-01-01 |
| Massachusetts | $28.91 | +2.67 | 2024-07-01 |
| Oklahoma | $28.91 | +2.67 | 2026-01-01 |
| Illinois | $29.40 | +3.16 | 2026-01-01 |
| Connecticut | $29.89 | +3.65 | 2026-01-01 |
| Louisiana | $30.63 | +4.39 | 2026-05-01 |
| Hawaii | $31.36 | +5.12 | 2026-01-01 |
| Pennsylvania | $31.36 | +5.12 | 2026-04-01 |
| New Jersey | $31.85 | +5.61 | 2026-01-01 |
| California | $33.08 | +6.84 | 2025-09-01 |
| Alaska | $34.79 | +8.55 | 2026-01-01 |
| New York | $35.53 | +9.29 | 2025-10-01 |
The rates above are manual rates — step 1 of the eight-step rating-bureau premium algorithm. See what your carrier applies after that, or estimate premium for code 5040 with your own payroll and experience mod.
Related Class Codes
Frequently Asked Questions
- What is workers' comp class code 5040?
- Class code 5040 (Iron/Steel Erection - Frame) is an NCCI workers' compensation classification in the Construction industry group. Covers workers erecting structural iron or steel frames for buildings and other structures. Hazard group: G.
- How much is workers' comp insurance for class code 5040?
- The national average rate for class code 5040 is $26.24 per $100 of payroll, across the 47 jurisdictions rated on that basis. Cheapest states: Indiana ($19.11), Texas ($19.33), Virginia ($20.33). Most expensive: New York ($35.53), Alaska ($34.79), California ($33.08). Actual premium depends on your state, payroll, experience modifier, and carrier. North Dakota, Ohio, Washington and Wyoming are not included. Each is a monopolistic state fund that sets premium on its own basis rather than on an NCCI class-code rate per $100 of payroll, so there is no comparable figure to average or rank.
- What businesses use workers' comp class code 5040?
- Class code 5040 typically applies to Structural steel erectors, Iron workers, Steel frame contractors, High-rise construction firms.
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