Workers comp rates for code 3403: Scientific Instrument Manufacturing
NCCI class code 3403 covers Scientific Instrument Manufacturing in the manufacturing industry. The median rate across 1 states is $0.527 per $100 payroll. Rates range from $0.527 in Washington to $0.527 in Washington.
Also known as: Laboratory Equipment Production · Precision Instrument Mfg
Cheapest 5 states for code 3403
- Washington $0.527
Most expensive 5 states
- Washington $0.527
Code 3403 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| Washington monopolistic | 3403 | $0.527 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 3403
What occupation is NCCI class code 3403?
Class code 3403 is "Scientific Instrument Manufacturing" (also known as Laboratory Equipment Production, Precision Instrument Mfg), in the manufacturing industry. The code is filed in 1 states.
What is the average workers comp rate for code 3403?
The median rate across 1 states is $0.527 per $100 of payroll, ranging from $0.527 (Washington) to $0.527 (Washington).
Why does code 3403 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.