Workers comp rates for code 0055: Farm - Horse Raising or Breeding
NCCI class code 0055 covers Farm - Horse Raising or Breeding in the agriculture industry. The median rate across 2 states is $5.45 per $100 payroll. Rates range from $2.03 in Pennsylvania to $5.45 in New Jersey.
Also known as: Horse breeding · Equestrian farm
Cheapest 5 states for code 0055
- Pennsylvania $2.03
- New Jersey $5.45
Most expensive 5 states
- New Jersey $5.45
- Pennsylvania $2.03
Code 0055 rates in all 2 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| Pennsylvania | 0055 | $2.03 | - | view |
| New Jersey | 0055 | $5.45 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 0055
What occupation is NCCI class code 0055?
Class code 0055 is "Farm - Horse Raising or Breeding" (also known as Horse breeding, Equestrian farm), in the agriculture industry. The code is filed in 2 states.
What is the average workers comp rate for code 0055?
The median rate across 2 states is $5.45 per $100 of payroll, ranging from $2.03 (Pennsylvania) to $5.45 (New Jersey).
Why does code 0055 cost more in some states than others?
Workers comp rates reflect each state's loss experience for that occupation, the rating bureau's methodology (NCCI vs. independent), schedule rating credits, and the state's medical-cost inflation. Some states are monopolistic (only the state fund writes coverage) while others are open competitive markets.