Forging - Drop or Machine workers comp rate in Indiana
The filed workers comp rate for class code 3004 (Forging - Drop or Machine) in Indiana is $0.650 per $100 of payroll , effective 2023-01-01. On $500,000 of payroll, that's roughly $3,250 in base premium.
Rate per $100 $0.650
Rate type manual_rate
Authority Indiana Compensation Rating
Effective 2023-01-01
vs peers 29%
Confidence HIGH
FAQ
What is the workers comp rate for code 3004 in Indiana?
The filed workers comp loss cost / rate for NCCI class code 3004 (Forging - Drop or Machine) in Indiana is $0.650 per $100 of payroll, effective 2023-01-01.
How much would I pay in Indiana for code 3004 on $500,000 of payroll?
At $0.650 per $100, $500,000 of payroll yields a base premium of $3,250 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). Indiana sits at the 29th percentile across 21 peer states.