Workers comp rates for code 2303: Silk & Synthetic Spinning & Weaving
NCCI class code 2303 covers Silk & Synthetic Spinning & Weaving in the manufacturing industry. The median rate across 1 states is $2.99 per $100 payroll. Rates range from $2.99 in New Jersey to $2.99 in New Jersey.
Also known as: Synthetic fabric production · Silk mill
Cheapest 5 states for code 2303
- New Jersey $2.99
Most expensive 5 states
- New Jersey $2.99
Code 2303 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| New Jersey | 2303 | $2.99 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 2303
What occupation is NCCI class code 2303?
Class code 2303 is "Silk & Synthetic Spinning & Weaving" (also known as Synthetic fabric production, Silk mill), in the manufacturing industry. The code is filed in 1 states.
What is the average workers comp rate for code 2303?
The median rate across 1 states is $2.99 per $100 of payroll, ranging from $2.99 (New Jersey) to $2.99 (New Jersey).
Why does code 2303 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.