Workers comp rates for code 3405: Surgical Instrument Manufacturing
NCCI class code 3405 covers Surgical Instrument Manufacturing in the manufacturing industry. The median rate across 1 states is $0.773 per $100 payroll. Rates range from $0.773 in Washington to $0.773 in Washington.
Also known as: Medical Instrument Production
Cheapest 5 states for code 3405
- Washington $0.773
Most expensive 5 states
- Washington $0.773
Code 3405 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| Washington monopolistic | 3405 | $0.773 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 3405
What occupation is NCCI class code 3405?
Class code 3405 is "Surgical Instrument Manufacturing" (also known as Medical Instrument Production), in the manufacturing industry. The code is filed in 1 states.
What is the average workers comp rate for code 3405?
The median rate across 1 states is $0.773 per $100 of payroll, ranging from $0.773 (Washington) to $0.773 (Washington).
Why does code 3405 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.