Machine Shop workers comp rate in Oklahoma
The filed workers comp rate for class code 3620 (Machine Shop) in Oklahoma is $1.54 per $100 of payroll , effective 2024-06-01. On $500,000 of payroll, that's roughly $7,700 in base premium.
Rate per $100 $1.54
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-06-01
vs peers 55%
Confidence HIGH
FAQ
What is the workers comp rate for code 3620 in Oklahoma?
The filed workers comp loss cost / rate for NCCI class code 3620 (Machine Shop) in Oklahoma is $1.54 per $100 of payroll, effective 2024-06-01.
How much would I pay in Oklahoma for code 3620 on $500,000 of payroll?
At $1.54 per $100, $500,000 of payroll yields a base premium of $7,700 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). Oklahoma sits at the 55th percentile across 22 peer states.