Oil/Gas Wells - Drilling/Operation workers comp rate in Rhode Island
The filed workers comp rate for class code 1624 D (Oil/Gas Wells - Drilling/Operation) in Rhode Island is $2.37 per $100 of payroll , effective 2024-08-01. On $500,000 of payroll, that's roughly $11,850 in base premium.
Rate per $100 $2.37
Rate type advisory_loss_cost
Authority National Council on Compensation
Effective 2024-08-01
vs peers 79%
Confidence HIGH
FAQ
What is the workers comp rate for code 1624 D in Rhode Island?
The filed workers comp loss cost / rate for NCCI class code 1624 D (Oil/Gas Wells - Drilling/Operation) in Rhode Island is $2.37 per $100 of payroll, effective 2024-08-01.
How much would I pay in Rhode Island for code 1624 D on $500,000 of payroll?
At $2.37 per $100, $500,000 of payroll yields a base premium of $11,850 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). Rhode Island sits at the 79th percentile across 14 peer states.