Rhode Island workers’ compensation costs are based on the number of employees you have, how much they are paid, the types of jobs, and your company's history of accidents and workers’ compensation claims.
In Rhode Island, workers’ compensation is managed by the RI Department of Labor and Training. Every type of job is assigned a base rate for coverage according to how dangerous it is. Workers' comp providers must use these base rates but can raise or lower premiums up to 25%.
Let's look at workers' compensation insurance cost ranges for a few different jobs in Rhode Island. These are the rates for every $100 of employee payroll.
- Lawn service and maintenance workers: $3.21 to $6.08
- Plumbing contractors: $3.07 to $5.83
- Roofing contractors: $13.51 to $25.67
- Retail store workers: $1.56 to $2.96
- Clerical workers: $0.13 to $0.25
- Restaurant workers: $1.34 to $2.55
As you can see, workers’ comp rates are higher for jobs with an increased risk of injuries than for jobs with low risk. Companies with a good safety record will pay rates at the lower end of the price range, while those with injury rates surpassing industry averages will pay more.