Workers comp rates for code 3061: Tool Mfg. - Hand
NCCI class code 3061 covers Tool Mfg. - Hand in the manufacturing industry. The median rate across 1 states is $3.72 per $100 payroll. Rates range from $3.72 in New Jersey to $3.72 in New Jersey.
Also known as: Hand Tool Manufacturing · Manual Tool Production
Cheapest 5 states for code 3061
- New Jersey $3.72
Most expensive 5 states
- New Jersey $3.72
Code 3061 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| New Jersey | 3061 | $3.72 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 3061
What occupation is NCCI class code 3061?
Class code 3061 is "Tool Mfg. - Hand" (also known as Hand Tool Manufacturing, Manual Tool Production), in the manufacturing industry. The code is filed in 1 states.
What is the average workers comp rate for code 3061?
The median rate across 1 states is $3.72 per $100 of payroll, ranging from $3.72 (New Jersey) to $3.72 (New Jersey).
Why does code 3061 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.