Drop or Machine Forging workers comp rate in Kentucky
The filed workers comp rate for class code 3122 (Drop or Machine Forging) in Kentucky is $0.670 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $3,350 in base premium.
Rate per $100 $0.670
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 21%
Confidence HIGH
FAQ
What is the workers comp rate for code 3122 in Kentucky?
The filed workers comp loss cost / rate for NCCI class code 3122 (Drop or Machine Forging) in Kentucky is $0.670 per $100 of payroll, effective 2024-01-01.
How much would I pay in Kentucky for code 3122 on $500,000 of payroll?
At $0.670 per $100, $500,000 of payroll yields a base premium of $3,350 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3122?
UT has the cheapest filed rate for code 3122 ($0.380) and NJ the highest ($5.71). Kentucky sits at the 21th percentile across 19 peer states.