Metal Drum or Barrel Mfg. workers comp rate in Tennessee
The filed workers comp rate for class code 3040 (Metal Drum or Barrel Mfg.) in Tennessee is $1.87 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $9,350 in base premium.
Rate per $100 $1.87
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 23%
Confidence HIGH
FAQ
What is the workers comp rate for code 3040 in Tennessee?
The filed workers comp loss cost / rate for NCCI class code 3040 (Metal Drum or Barrel Mfg.) in Tennessee is $1.87 per $100 of payroll, effective 2024-03-01.
How much would I pay in Tennessee for code 3040 on $500,000 of payroll?
At $1.87 per $100, $500,000 of payroll yields a base premium of $9,350 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). Tennessee sits at the 23th percentile across 22 peer states.