Workers comp rates for code 1408: Oil/Gas Field Equipment Service
NCCI class code 1408 covers Oil/Gas Field Equipment Service in the services industry. The median rate across 1 states is $0.940 per $100 payroll. Rates range from $0.940 in Washington to $0.940 in Washington.
Also known as: Oil Field Equipment Repair
Cheapest 5 states for code 1408
- Washington $0.940
Most expensive 5 states
- Washington $0.940
Code 1408 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| Washington monopolistic | 1408 | $0.940 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 1408
What occupation is NCCI class code 1408?
Class code 1408 is "Oil/Gas Field Equipment Service" (also known as Oil Field Equipment Repair), in the services industry. The code is filed in 1 states.
What is the average workers comp rate for code 1408?
The median rate across 1 states is $0.940 per $100 of payroll, ranging from $0.940 (Washington) to $0.940 (Washington).
Why does code 1408 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.