NCCI · 2 states

Workers comp rates for code 0416: Peanut Farm

NCCI class code 0416 covers Peanut Farm in the agriculture industry. The median rate across 2 states is $8279.00 per $100 payroll. Rates range from $0.889 in Pennsylvania to $8279.00 in Virginia.

Also known as: Peanut Cultivation

Cheapest 5 states for code 0416

  1. Pennsylvania $0.889
  2. Virginia $8279.00

Most expensive 5 states

  1. Virginia $8279.00
  2. Pennsylvania $0.889

Code 0416 rates in all 2 states

State Code Rate per $100 vs peers Source
Pennsylvania 0416 $0.889 - view
Virginia 0416 $8279.00 - view

Bottom quartile (cheap) Mid Top quartile (expensive)

FAQs about NCCI 0416

What occupation is NCCI class code 0416?

Class code 0416 is "Peanut Farm" (also known as Peanut Cultivation), in the agriculture industry. The code is filed in 2 states.

What is the average workers comp rate for code 0416?

The median rate across 2 states is $8279.00 per $100 of payroll, ranging from $0.889 (Pennsylvania) to $8279.00 (Virginia).

Why does code 0416 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.