North Carolina workers compensation legislation and insurance rates are generally more fiscally responsible and cost employers less money than in other states, according to the National Council on Compensation Insurance. Workers compensation legislation in North Carolina includes the following provisions that could contribute to substantial labor cost savings for employers:
- Self-insurance is permitted
- Insurance rates lower than the standard industry rates are permitted for firms that qualify
- Clear-cut accident on the job is a condition for benefit compensation
- Free accident-prevention workshops designed for each product manufactured are offered
Examples of Workers Compensation Insurance Rates
(April 1, 2002)
| Industry |
Product Class Code |
Lost Cost |
Insurance Rate per $100 payroll (Assigned Risk) |
Minimum Premium |
| Electrical Apparatus Mfg. |
3179 |
$1.88 |
$3.06 |
$776 |
| Agricultural or Construction Machinery Manufacturing |
3507 |
$2.58 |
$4.21 |
$850 |
| Computing, Recording or Office Machine Manufacturing |
3574 |
$0.82 |
$1.34 |
$458 |
| Precision Machined Parts Mfg. |
3629 |
$1.94 |
$3.16 |
$795 |
| Machine Shop |
3632 |
$2.81 |
$4.58 |
$850 |
| Television, Radio, Telephone or Telecommunication Device Mfg. |
3681 |
$1.29 |
$2.10 |
$599 |
| Instrument Manufacturing |
3685 |
$1.19 |
$1.94 |
$569 |
| Drugs & Pharmaceuticals Mfg. |
4825 |
$0.96 |
$1.56 |
$499 |
| Plastics Mfg. Molded Products |
4484 |
$2.39 |
$3.90 |
$850 |
| Analytical Chemist |
4511 |
$0.58 |
$0.95 |
$386 |
| Pharmaceutical or Surgical Goods Manufacturing |
4693 |
$1.59 |
$2.59 |
$689 |
| Architect/Engineer Consulting |
8601 |
$0.69 |
$1.12 |
$417 |
| Clerical Office Employees |
8810 |
$0.24 |
$0.39 |
$282 |
Source: N.C. Rate Bureau
Workers Compensation Premium Rate & Ranking
| State |
2000 Ranking |
1998 Ranking |
1996 Ranking |
1994 Ranking |
Index Rate |
Effective Date |
| Florida |
1 |
2 |
3 |
8 |
4.08 |
October 10, 2000 |
| Louisiana |
2 |
5 |
2 |
1 |
3.36 |
October 10, 2000 |
| California |
3 |
1 |
13 |
15 |
3.34 |
October 10, 2000 |
| New York |
6 |
10 |
4 |
11 |
3.05 |
October 10, 2000 |
| Ohio |
9 |
16 |
12 |
25 |
2.89 |
October 10, 2000 |
| Alabama |
18 |
8 |
22 |
20 |
2.56 |
October 10, 2000 |
| Kentucky |
24 |
30 |
20 |
10 |
2.32 |
October 10, 2000 |
| Idaho |
29 |
32 |
38 |
30 |
2.11 |
October 10, 2000 |
| Tennessee |
31 |
23 |
24 |
36 |
2.1 |
October 10, 2000 |
| North Dakota |
35 |
41 |
45 |
50 |
1.79 |
October 10, 2000 |
| North Carolina |
43 |
44 |
36 |
40 |
1.64 |
October 10, 2000 |
Source: Research and Analysis Section, State of Oregon Department of Consumer and Business Services, 12/00
For additional information, contact the following agencies:
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