Machine Shop workers comp rate in New Jersey
The filed workers comp rate for class code 3620 (Machine Shop) in New Jersey is $3.27 per $100 of payroll , effective 2025-01-01. On $500,000 of payroll, that's roughly $16,350 in base premium.
Rate per $100 $3.27
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 3620 in New Jersey?
The filed workers comp loss cost / rate for NCCI class code 3620 (Machine Shop) in New Jersey is $3.27 per $100 of payroll, effective 2025-01-01.
How much would I pay in New Jersey for code 3620 on $500,000 of payroll?
At $3.27 per $100, $500,000 of payroll yields a base premium of $16,350 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). New Jersey sits at the 95th percentile across 22 peer states.