Clothing Manufacturing, Hand workers comp rate in New Jersey
The filed workers comp rate for class code 2503 (Clothing Manufacturing, Hand) in New Jersey is $2.48 per $100 of payroll , effective 2025-01-01. On $500,000 of payroll, that's roughly $12,400 in base premium.
Rate per $100 $2.48
Rate type manual_rate
Authority NCCI / state rating bureau
Effective 2025-01-01
vs peers 100%
Confidence HIGH
FAQ
What is the workers comp rate for code 2503 in New Jersey?
The filed workers comp loss cost / rate for NCCI class code 2503 (Clothing Manufacturing, Hand) in New Jersey is $2.48 per $100 of payroll, effective 2025-01-01.
How much would I pay in New Jersey for code 2503 on $500,000 of payroll?
At $2.48 per $100, $500,000 of payroll yields a base premium of $12,400 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 2503?
UT has the cheapest filed rate for code 2503 ($0.210) and NJ the highest ($2.48). New Jersey sits at the 100th percentile across 21 peer states.