Oil/Gas Wells - Drilling/Operation workers comp rate in Kentucky
The filed workers comp rate for class code 1624 (Oil/Gas Wells - Drilling/Operation) in Kentucky is $1.24 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $6,200 in base premium.
Rate per $100 $1.24
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 45%
Confidence HIGH
FAQ
What is the workers comp rate for code 1624 in Kentucky?
The filed workers comp loss cost / rate for NCCI class code 1624 (Oil/Gas Wells - Drilling/Operation) in Kentucky is $1.24 per $100 of payroll, effective 2024-01-01.
How much would I pay in Kentucky for code 1624 on $500,000 of payroll?
At $1.24 per $100, $500,000 of payroll yields a base premium of $6,200 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 1624?
UT has the cheapest filed rate for code 1624 ($0.560) and NJ the highest ($3.89). Kentucky sits at the 45th percentile across 20 peer states.