Workers comp rates for code 1624: Oil/Gas Wells - Drilling/Operation
NCCI class code 1624 covers Oil/Gas Wells - Drilling/Operation in the mining industry. The median rate across 34 states is $1.49 per $100 payroll. Rates range from $0.560 in Utah to $5.58 in Illinois.
Also known as: Oil Field Services · Gas Well Drilling
Cheapest 5 states for code 1624
Most expensive 5 states
- Illinois $5.58
- New Jersey $3.89
- Hawaii $3.62
- Nevada $3.57
- California $3.32
Code 1624 rates in all 34 states
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 1624
What occupation is NCCI class code 1624?
Class code 1624 is "Oil/Gas Wells - Drilling/Operation" (also known as Oil Field Services, Gas Well Drilling), in the mining industry. The code is filed in 34 states.
What is the average workers comp rate for code 1624?
The median rate across 34 states is $1.49 per $100 of payroll, ranging from $0.560 (Utah) to $5.58 (Illinois).
Why does code 1624 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.