Workers comp rates for code 3407: Electronic Component Manufacturing
NCCI class code 3407 covers Electronic Component Manufacturing in the manufacturing industry. The median rate across 1 states is $2.26 per $100 payroll. Rates range from $2.26 in Washington to $2.26 in Washington.
Also known as: Semiconductor Manufacturing · Circuit Board Production
Cheapest 5 states for code 3407
- Washington $2.26
Most expensive 5 states
- Washington $2.26
Code 3407 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| Washington monopolistic | 3407 | $2.26 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 3407
What occupation is NCCI class code 3407?
Class code 3407 is "Electronic Component Manufacturing" (also known as Semiconductor Manufacturing, Circuit Board Production), in the manufacturing industry. The code is filed in 1 states.
What is the average workers comp rate for code 3407?
The median rate across 1 states is $2.26 per $100 of payroll, ranging from $2.26 (Washington) to $2.26 (Washington).
Why does code 3407 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.