NCCI · 21 states

Workers comp rates for code 3114: Steel Foundry

NCCI class code 3114 covers Steel Foundry in the manufacturing industry. The median rate across 21 states is $1.44 per $100 payroll. Rates range from $0.480 in Utah to $3.51 in New Jersey.

Also known as: Steel Casting

Cheapest 5 states for code 3114

  1. Utah $0.480
  2. Tennessee $0.870
  3. Virginia $0.918
  4. Kentucky $0.980
  5. Maryland $1.06

Most expensive 5 states

  1. New Jersey $3.51
  2. Illinois $3.38
  3. Hawaii $3.18
  4. Minnesota $1.94
  5. Rhode Island $1.73

Code 3114 rates in all 21 states

State Code Rate per $100 vs peers Source
Utah 3114 $0.480 5% view
Tennessee 3114 $0.870 10% view
Virginia 3114 $0.918 14% view
Kentucky 3114 $0.980 19% view
Maryland 3114 $1.06 24% view
Oregon 3114 $1.12 29% view
Kansas 3114 $1.14 33% view
New York 3114 $1.19 38% view
Alabama 3114 $1.32 43% view
Louisiana 3114 $1.33 48% view
Arkansas 3114 $1.44 52% view
Alaska 3114 $1.46 57% view
Indiana 3114 $1.47 62% view
Michigan 3114 $1.52 67% view
Nevada 3114 $1.58 71% view
Oklahoma 3114 $1.61 76% view
Rhode Island 3114 $1.73 81% view
Minnesota 3114 $1.94 86% view
Hawaii 3114 $3.18 90% view
Illinois 3114 $3.38 95% view
New Jersey 3114 $3.51 100% view

Bottom quartile (cheap) Mid Top quartile (expensive)

FAQs about NCCI 3114

What occupation is NCCI class code 3114?

Class code 3114 is "Steel Foundry" (also known as Steel Casting), in the manufacturing industry. The code is filed in 21 states.

What is the average workers comp rate for code 3114?

The median rate across 21 states is $1.44 per $100 of payroll, ranging from $0.480 (Utah) to $3.51 (New Jersey).

Why does code 3114 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.