NYS Workers Comp Class Code 1925 Die Casting Rate receives major Rate HIKE!
With NYS workers comp class code 1925 die casting seeing a 37.4 percent jump this year, it is worth taking the time to understand what this code covers. NYS workers comp code 1925 die casting applies to all facets of the die casting process, from the creation of the dies to the manufacturing of the castings. NYS workers comp rate 1925 is particularly important because of the inherent risks involved with the die casting process.
Die casting is completed by preparing alloys, which are created by pouring a select amount of specific metals into ingots. The ingots are then put into specialized die casting equipment and are promptly melted. From there, hydraulic pressure is applied, forcing the ingots into dies. Once this is completed, the castings are removed and cleaned. Further refinement of the castings will vary depending on their intended use. This may include milling, polishing and further inspection in order to ensure a quality end product.
Clearly, with this type of manufacturing process, there is ample room for complication, which is why NYS workers comp rate 1925 is so important. Insurers need to be aware of the risks in order to appropriately prepare for the rate jump this year.
NYS Wokers Comp Class Code 1925 Die Casting Pricing:
NYS Rating Board has increased class code 37.4% in 2012. NY State Fund rate 2012 is $6.09 per $100 in payroll. Other carriers can be more competitive for good risks with rates as low as $5.20.
Call Enforce Coverage 212-9474298 to obtain a price quote. To view NYS Workers Comp class code 1925 die casting rate and hundreds of class codes and rates click here .