Question 1

How much does workers' comp cost for Iron/Steel Erection - Frame in North Carolina?

Accepted Answer

The current rate for Iron/Steel Erection - Frame (Class Code 5040) in North Carolina is $23.03 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $11515 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in North Carolina?

Accepted Answer

Yes, workers' compensation insurance is mandatory in North Carolina for employers with 3 or more employees.

Question 3

How does North Carolina's rate compare to other states?

Accepted Answer

North Carolina's rate for Iron/Steel Erection - Frame is $23.03, which is $3.12 below the national average of $26.15 (-12%).

Question 4

What does class code 5040 cover?

Accepted Answer

Covers workers erecting structural iron or steel frames for buildings and other structures.

State	Rate per $100	Difference
North Carolina (current)	$23.03	—
Indiana	$19.11	-3.92
Texas	$20.09	-2.94
Virginia	$20.33	-2.70
Utah	$20.83	-2.20
Arkansas	$21.56	-1.47

Workers' Comp Rate for Iron/Steel Erection - Frame in North Carolina (Class Code 5040)

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