Metal Drum or Barrel Mfg. workers comp rate in New Jersey
The filed workers comp rate for class code 3040 (Metal Drum or Barrel Mfg.) in New Jersey is $7.35 per $100 of payroll , effective 2025-01-01. On $500,000 of payroll, that's roughly $36,750 in base premium.
Rate per $100 $7.35
Rate type manual_rate
Authority NCCI / state rating bureau
Effective 2025-01-01
vs peers 91%
Confidence HIGH
FAQ
What is the workers comp rate for code 3040 in New Jersey?
The filed workers comp loss cost / rate for NCCI class code 3040 (Metal Drum or Barrel Mfg.) in New Jersey is $7.35 per $100 of payroll, effective 2025-01-01.
How much would I pay in New Jersey for code 3040 on $500,000 of payroll?
At $7.35 per $100, $500,000 of payroll yields a base premium of $36,750 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3040?
UT has the cheapest filed rate for code 3040 ($0.860) and HI the highest ($7.79). New Jersey sits at the 91th percentile across 22 peer states.