NCCI · 2 states

Workers comp rates for code 2703: Veneer Manufacturing

NCCI class code 2703 covers Veneer Manufacturing in the manufacturing industry. The median rate across 2 states is $2.29 per $100 payroll. Rates range from $1.65 in Oregon to $2.29 in Alaska.

Also known as: Plywood Manufacturing

Cheapest 5 states for code 2703

  1. Oregon $1.65
  2. Alaska $2.29

Most expensive 5 states

  1. Alaska $2.29
  2. Oregon $1.65

Code 2703 rates in all 2 states

State Code Rate per $100 vs peers Source
Oregon 2703 $1.65 - view
Alaska 2703 $2.29 - view

Bottom quartile (cheap) Mid Top quartile (expensive)

FAQs about NCCI 2703

What occupation is NCCI class code 2703?

Class code 2703 is "Veneer Manufacturing" (also known as Plywood Manufacturing), in the manufacturing industry. The code is filed in 2 states.

What is the average workers comp rate for code 2703?

The median rate across 2 states is $2.29 per $100 of payroll, ranging from $1.65 (Oregon) to $2.29 (Alaska).

Why does code 2703 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.