Forging - Drop or Machine workers comp rate in Alabama
The filed workers comp rate for class code 3004 (Forging - Drop or Machine) in Alabama is $0.570 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $2,850 in base premium.
Rate per $100 $0.570
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 19%
Confidence HIGH
FAQ
What is the workers comp rate for code 3004 in Alabama?
The filed workers comp loss cost / rate for NCCI class code 3004 (Forging - Drop or Machine) in Alabama is $0.570 per $100 of payroll, effective 2024-03-01.
How much would I pay in Alabama for code 3004 on $500,000 of payroll?
At $0.570 per $100, $500,000 of payroll yields a base premium of $2,850 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3004?
UT has the cheapest filed rate for code 3004 ($0.210) and NJ the highest ($5.12). Alabama sits at the 19th percentile across 21 peer states.