NCCI · 22 states

Workers comp rates for code 3040: Metal Drum or Barrel Mfg.

NCCI class code 3040 covers Metal Drum or Barrel Mfg. in the manufacturing industry. The median rate across 22 states is $2.80 per $100 payroll. Rates range from $0.860 in Utah to $7.79 in Hawaii.

Also known as: Drum Manufacturing · Barrel Manufacturing

Cheapest 5 states for code 3040

  1. Utah $0.860
  2. Kansas $1.75
  3. Virginia $1.78
  4. Oregon $1.80
  5. Tennessee $1.87

Most expensive 5 states

  1. Hawaii $7.79
  2. Illinois $7.42
  3. New Jersey $7.35
  4. New York $6.49
  5. California $5.90

Code 3040 rates in all 22 states

State Code Rate per $100 vs peers Source
Utah 3040 $0.860 5% view
Kansas 3040 $1.75 9% view
Virginia 3040 $1.78 14% view
Oregon 3040 $1.80 18% view
Tennessee 3040 $1.87 23% view
Kentucky 3040 $1.93 27% view
Maryland 3040 $2.29 32% view
Alabama 3040 $2.36 36% view
Louisiana 3040 $2.41 41% view
Oklahoma 3040 $2.58 45% view
Alaska 3040 $2.69 50% view
Indiana 3040 $2.80 55% view
Michigan 3040 $3.07 59% view
Rhode Island 3040 $3.27 64% view
Arkansas 3040 $3.44 68% view
Minnesota 3040 $3.56 73% view
Nevada 3040 $3.66 77% view
California 3040 $5.90 82% view
New York 3040 $6.49 86% view
New Jersey 3040 $7.35 91% view
Illinois 3040 $7.42 95% view
Hawaii 3040 $7.79 100% view

Bottom quartile (cheap) Mid Top quartile (expensive)

FAQs about NCCI 3040

What occupation is NCCI class code 3040?

Class code 3040 is "Metal Drum or Barrel Mfg." (also known as Drum Manufacturing, Barrel Manufacturing), in the manufacturing industry. The code is filed in 22 states.

What is the average workers comp rate for code 3040?

The median rate across 22 states is $2.80 per $100 of payroll, ranging from $0.860 (Utah) to $7.79 (Hawaii).

Why does code 3040 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.