NCCI · 2 states

Workers comp rates for code 2553: Cordage Manufacturing

NCCI class code 2553 covers Cordage Manufacturing in the manufacturing industry. The median rate across 2 states is $1.96 per $100 payroll. Rates range from $0.973 in Pennsylvania to $1.96 in New York.

Also known as: Rope Production · Twine Manufacturing

Cheapest 5 states for code 2553

  1. Pennsylvania $0.973
  2. New York $1.96

Most expensive 5 states

  1. New York $1.96
  2. Pennsylvania $0.973

Code 2553 rates in all 2 states

State Code Rate per $100 vs peers Source
Pennsylvania 2553 $0.973 - view
New York 2553 $1.96 - view

Bottom quartile (cheap) Mid Top quartile (expensive)

FAQs about NCCI 2553

What occupation is NCCI class code 2553?

Class code 2553 is "Cordage Manufacturing" (also known as Rope Production, Twine Manufacturing), in the manufacturing industry. The code is filed in 2 states.

What is the average workers comp rate for code 2553?

The median rate across 2 states is $1.96 per $100 of payroll, ranging from $0.973 (Pennsylvania) to $1.96 (New York).

Why does code 2553 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.