Question 1

How much does workers' comp cost for Machine Shop NOC in Colorado?

Accepted Answer

The current rate for Machine Shop NOC (Class Code 3632) in Colorado is $4.23 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2115 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Colorado?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Colorado for all employers with at least one employee.

Question 3

How does Colorado's rate compare to other states?

Accepted Answer

Colorado's rate for Machine Shop NOC is $4.23, which is $0.84 below the national average of $5.07 (-17%).

Question 4

What does class code 3632 cover?

Accepted Answer

Covers machinists operating lathes, milling machines, and CNC equipment to produce metal parts.

State	Rate per $100	Difference
Colorado (current)	$4.23	—
Indiana	$3.71	-0.52
Texas	$3.89	-0.34
Virginia	$3.94	-0.29
Utah	$4.04	-0.19
Arkansas	$4.18	-0.05

Workers' Comp Rate for Machine Shop NOC in Colorado (Class Code 3632)

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