Oil/Gas Wells - Drilling/Operation workers comp rate in Tennessee
The filed workers comp rate for class code 1624 D (Oil/Gas Wells - Drilling/Operation) in Tennessee is $1.07 per $100 of payroll , effective 2024-03-01. On $500,000 of payroll, that's roughly $5,350 in base premium.
Rate per $100 $1.07
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-03-01
vs peers 7%
Confidence HIGH
FAQ
What is the workers comp rate for code 1624 D in Tennessee?
The filed workers comp loss cost / rate for NCCI class code 1624 D (Oil/Gas Wells - Drilling/Operation) in Tennessee is $1.07 per $100 of payroll, effective 2024-03-01.
How much would I pay in Tennessee for code 1624 D on $500,000 of payroll?
At $1.07 per $100, $500,000 of payroll yields a base premium of $5,350 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). Tennessee sits at the 7th percentile across 14 peer states.