Workers comp rates for code 1296: Oil/Gas Well Servicing
NCCI class code 1296 covers Oil/Gas Well Servicing in the mining industry. The median rate across 1 states is $7520.00 per $100 payroll. Rates range from $7520.00 in Virginia to $7520.00 in Virginia.
Also known as: Well Servicing · Oil Field Services
Cheapest 5 states for code 1296
- Virginia $7520.00
Most expensive 5 states
- Virginia $7520.00
Code 1296 rates in all 1 states
FAQs about NCCI 1296
What occupation is NCCI class code 1296?
Class code 1296 is "Oil/Gas Well Servicing" (also known as Well Servicing, Oil Field Services), in the mining industry. The code is filed in 1 states.
What is the average workers comp rate for code 1296?
The median rate across 1 states is $7520.00 per $100 of payroll, ranging from $7520.00 (Virginia) to $7520.00 (Virginia).
Why does code 1296 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.