Workers comp rates for code 2407: Hat & Cap Mfg. (Fabric)
NCCI class code 2407 covers Hat & Cap Mfg. (Fabric) in the manufacturing industry. The median rate across 1 states is $2.48 per $100 payroll. Rates range from $2.48 in Pennsylvania to $2.48 in Pennsylvania.
Also known as: Fabric hat production · Cap manufacturing
Cheapest 5 states for code 2407
- Pennsylvania $2.48
Most expensive 5 states
- Pennsylvania $2.48
Code 2407 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| Pennsylvania | 2407 | $2.48 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 2407
What occupation is NCCI class code 2407?
Class code 2407 is "Hat & Cap Mfg. (Fabric)" (also known as Fabric hat production, Cap manufacturing), in the manufacturing industry. The code is filed in 1 states.
What is the average workers comp rate for code 2407?
The median rate across 1 states is $2.48 per $100 of payroll, ranging from $2.48 (Pennsylvania) to $2.48 (Pennsylvania).
Why does code 2407 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.