Metal Wire Drawing workers comp rate in New Jersey
The filed workers comp rate for class code 3042 (Metal Wire Drawing) in New Jersey is $3.75 per $100 of payroll , effective 2025-01-01. On $500,000 of payroll, that's roughly $18,750 in base premium.
Rate per $100 $3.75
Rate type manual_rate
Authority NCCI / state rating bureau
Effective 2025-01-01
vs peers 95%
Confidence HIGH
FAQ
What is the workers comp rate for code 3042 in New Jersey?
The filed workers comp loss cost / rate for NCCI class code 3042 (Metal Wire Drawing) in New Jersey is $3.75 per $100 of payroll, effective 2025-01-01.
How much would I pay in New Jersey for code 3042 on $500,000 of payroll?
At $3.75 per $100, $500,000 of payroll yields a base premium of $18,750 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3042?
UT has the cheapest filed rate for code 3042 ($0.570) and HI the highest ($4.57). New Jersey sits at the 95th percentile across 20 peer states.