Question 1

How much does workers' comp cost for Boat Building - Wood in Rhode Island?

Accepted Answer

The current rate for Boat Building - Wood (Class Code 7335) in Rhode Island is $8.55 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $4275 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Rhode Island?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Rhode Island for all employers with at least one employee.

Question 3

How does Rhode Island's rate compare to other states?

Accepted Answer

Rhode Island's rate for Boat Building - Wood is $8.55, which is $0.54 above the national average of $8.01 (+7%).

Question 4

What does class code 7335 cover?

Accepted Answer

Covers workers building and repairing wooden boats including hull construction, finishing, and restoration.

State	Rate per $100	Difference
Rhode Island (current)	$8.55	—
Indiana	$5.85	-2.70
Texas	$6.15	-2.40
Virginia	$6.23	-2.32
Utah	$6.38	-2.17
Arkansas	$6.60	-1.95

Workers' Comp Rate for Boat Building - Wood in Rhode Island (Class Code 7335)

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