Oil/Gas Wells - Drilling/Operation workers comp rate in Maryland
The filed workers comp rate for class code 1624 D (Oil/Gas Wells - Drilling/Operation) in Maryland is $1.42 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $7,100 in base premium.
Rate per $100 $1.42
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 29%
Confidence HIGH
FAQ
What is the workers comp rate for code 1624 D in Maryland?
The filed workers comp loss cost / rate for NCCI class code 1624 D (Oil/Gas Wells - Drilling/Operation) in Maryland is $1.42 per $100 of payroll, effective 2024-01-01.
How much would I pay in Maryland for code 1624 D on $500,000 of payroll?
At $1.42 per $100, $500,000 of payroll yields a base premium of $7,100 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 1624 D?
TN has the cheapest filed rate for code 1624 D ($1.07) and IL the highest ($5.58). Maryland sits at the 29th percentile across 14 peer states.