Workers comp rates for code 3062: Machine Mfg. - N.O.C.
NCCI class code 3062 covers Machine Mfg. - N.O.C. in the manufacturing industry. The median rate across 1 states is $3.42 per $100 payroll. Rates range from $3.42 in New Jersey to $3.42 in New Jersey.
Also known as: Industrial Machine Manufacturing · Machinery Production
Cheapest 5 states for code 3062
- New Jersey $3.42
Most expensive 5 states
- New Jersey $3.42
Code 3062 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| New Jersey | 3062 | $3.42 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 3062
What occupation is NCCI class code 3062?
Class code 3062 is "Machine Mfg. - N.O.C." (also known as Industrial Machine Manufacturing, Machinery Production), in the manufacturing industry. The code is filed in 1 states.
What is the average workers comp rate for code 3062?
The median rate across 1 states is $3.42 per $100 of payroll, ranging from $3.42 (New Jersey) to $3.42 (New Jersey).
Why does code 3062 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.