Machine Shop workers comp rate in Alabama
The filed workers comp rate for class code 3620 (Machine Shop) in Alabama is $1.67 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $8,350 in base premium.
Rate per $100 $1.67
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 64%
Confidence HIGH
FAQ
What is the workers comp rate for code 3620 in Alabama?
The filed workers comp loss cost / rate for NCCI class code 3620 (Machine Shop) in Alabama is $1.67 per $100 of payroll, effective 2024-03-01.
How much would I pay in Alabama for code 3620 on $500,000 of payroll?
At $1.67 per $100, $500,000 of payroll yields a base premium of $8,350 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3620?
VA has the cheapest filed rate for code 3620 ($0.615) and CA the highest ($6.45). Alabama sits at the 64th percentile across 22 peer states.