Workers comp rates for code 3384: Machine Tool Manufacturing
NCCI class code 3384 covers Machine Tool Manufacturing in the manufacturing industry. The median rate across 1 states is $1.06 per $100 payroll. Rates range from $1.06 in New Jersey to $1.06 in New Jersey.
Also known as: Industrial Tool Production
Cheapest 5 states for code 3384
- New Jersey $1.06
Most expensive 5 states
- New Jersey $1.06
Code 3384 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| New Jersey | 3384 | $1.06 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 3384
What occupation is NCCI class code 3384?
Class code 3384 is "Machine Tool Manufacturing" (also known as Industrial Tool Production), in the manufacturing industry. The code is filed in 1 states.
What is the average workers comp rate for code 3384?
The median rate across 1 states is $1.06 per $100 of payroll, ranging from $1.06 (New Jersey) to $1.06 (New Jersey).
Why does code 3384 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.