Workers comp rates for code 4050: Rock Excavation
NCCI class code 4050 covers Rock Excavation in the construction industry. The median rate across 1 states is $2.43 per $100 payroll. Rates range from $2.43 in New Jersey to $2.43 in New Jersey.
Also known as: Blasting Contractor · Rock Blasting
Cheapest 5 states for code 4050
- New Jersey $2.43
Most expensive 5 states
- New Jersey $2.43
Code 4050 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| New Jersey | 4050 | $2.43 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 4050
What occupation is NCCI class code 4050?
Class code 4050 is "Rock Excavation" (also known as Blasting Contractor, Rock Blasting), in the construction industry. The code is filed in 1 states.
What is the average workers comp rate for code 4050?
The median rate across 1 states is $2.43 per $100 of payroll, ranging from $2.43 (New Jersey) to $2.43 (New Jersey).
Why does code 4050 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.