Workers comp rates for code 8397: Armored Car Service
NCCI class code 8397 covers Armored Car Service in the services industry. The median rate across 2 states is $4.73 per $100 payroll. Rates range from $4.62 in California to $4.73 in New Jersey.
Also known as: Cash-in-Transit · Security Transport
Cheapest 5 states for code 8397
- California $4.62
- New Jersey $4.73
Most expensive 5 states
- New Jersey $4.73
- California $4.62
Code 8397 rates in all 2 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| California | 8397 | $4.62 | - | view |
| New Jersey | 8397 | $4.73 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 8397
What occupation is NCCI class code 8397?
Class code 8397 is "Armored Car Service" (also known as Cash-in-Transit, Security Transport), in the services industry. The code is filed in 2 states.
What is the average workers comp rate for code 8397?
The median rate across 2 states is $4.73 per $100 of payroll, ranging from $4.62 (California) to $4.73 (New Jersey).
Why does code 8397 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.