Question 1

How much does workers' comp cost for Credit Union - All Employees in Rhode Island?

Accepted Answer

The current rate for Credit Union - All Employees (Class Code 8801) in Rhode Island is $0.17 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $85 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 Credit Union - All Employees is $0.17, which is $0.01 above the national average of $0.16 (+6%).

Question 4

What does class code 8801 cover?

Accepted Answer

Covers credit union employees including tellers, loan officers, and administrative staff.

State	Rate per $100	Difference
Rhode Island (current)	$0.17	—
Indiana	$0.12	-0.05
Texas	$0.12	-0.05
Virginia	$0.12	-0.05
Arkansas	$0.13	-0.04
Colorado	$0.13	-0.04

Workers' Comp Rate for Credit Union - All Employees in Rhode Island (Class Code 8801)

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