Workers comp rates for code 2463: Planing Mill Wood Turning
NCCI class code 2463 covers Planing Mill Wood Turning in the manufacturing industry. The median rate across 1 states is $2.11 per $100 payroll. Rates range from $2.11 in Pennsylvania to $2.11 in Pennsylvania.
Also known as: Planing Mill Wood Lathe · Lumber Finishing Wood Turning
Cheapest 5 states for code 2463
- Pennsylvania $2.11
Most expensive 5 states
- Pennsylvania $2.11
Code 2463 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| Pennsylvania | 2463 | $2.11 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 2463
What occupation is NCCI class code 2463?
Class code 2463 is "Planing Mill Wood Turning" (also known as Planing Mill Wood Lathe, Lumber Finishing Wood Turning), in the manufacturing industry. The code is filed in 1 states.
What is the average workers comp rate for code 2463?
The median rate across 1 states is $2.11 per $100 of payroll, ranging from $2.11 (Pennsylvania) to $2.11 (Pennsylvania).
Why does code 2463 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.