Pharmaceutical Manufacturing workers comp rate in New Jersey
The filed workers comp rate for class code 3507 (Pharmaceutical Manufacturing) in New Jersey is $3.17 per $100 of payroll , effective 2025-01-01. On $500,000 of payroll, that's roughly $15,850 in base premium.
Rate per $100 $3.17
Rate type manual_rate
Authority NCCI / state rating bureau
Effective 2025-01-01
vs peers 95%
Confidence HIGH
FAQ
What is the workers comp rate for code 3507 in New Jersey?
The filed workers comp loss cost / rate for NCCI class code 3507 (Pharmaceutical Manufacturing) in New Jersey is $3.17 per $100 of payroll, effective 2025-01-01.
How much would I pay in New Jersey for code 3507 on $500,000 of payroll?
At $3.17 per $100, $500,000 of payroll yields a base premium of $15,850 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3507?
UT has the cheapest filed rate for code 3507 ($0.540) and CA the highest ($3.62). New Jersey sits at the 95th percentile across 22 peer states.