Workers comp rates for code 5306: Iron & Steel Shop Work
NCCI class code 5306 covers Iron & Steel Shop Work in the manufacturing industry. The median rate across 1 states is $0.292 per $100 payroll. Rates range from $0.292 in Washington to $0.292 in Washington.
Also known as: Metalworking shop · Fabrication shop
Cheapest 5 states for code 5306
- Washington $0.292
Most expensive 5 states
- Washington $0.292
Code 5306 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| Washington monopolistic | 5306 | $0.292 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 5306
What occupation is NCCI class code 5306?
Class code 5306 is "Iron & Steel Shop Work" (also known as Metalworking shop, Fabrication shop), in the manufacturing industry. The code is filed in 1 states.
What is the average workers comp rate for code 5306?
The median rate across 1 states is $0.292 per $100 of payroll, ranging from $0.292 (Washington) to $0.292 (Washington).
Why does code 5306 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.