NCCI · 1 states

Workers comp rates for code 1262: Oil/Gas Well Drilling

NCCI class code 1262 covers Oil/Gas Well Drilling in the mining industry. The median rate across 1 states is $7133.00 per $100 payroll. Rates range from $7133.00 in Virginia to $7133.00 in Virginia.

Also known as: Oil Well Drilling · Gas Well Drilling

Cheapest 5 states for code 1262

  1. Virginia $7133.00

Most expensive 5 states

  1. Virginia $7133.00

Code 1262 rates in all 1 states

State Code Rate per $100 vs peers Source
Virginia 1262 $7133.00 - view

Bottom quartile (cheap) Mid Top quartile (expensive)

FAQs about NCCI 1262

What occupation is NCCI class code 1262?

Class code 1262 is "Oil/Gas Well Drilling" (also known as Oil Well Drilling, Gas Well Drilling), in the mining industry. The code is filed in 1 states.

What is the average workers comp rate for code 1262?

The median rate across 1 states is $7133.00 per $100 of payroll, ranging from $7133.00 (Virginia) to $7133.00 (Virginia).

Why does code 1262 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.