Oil/Gas Wells - Drilling/Operation workers comp rate in Utah
The filed workers comp rate for class code 1624 D (Oil/Gas Wells - Drilling/Operation) in Utah is $1.19 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $5,950 in base premium.
Rate per $100 $1.19
Rate type loss_cost
Authority National Council on Compensation
Effective 2024-01-01
vs peers 14%
Confidence HIGH
FAQ
What is the workers comp rate for code 1624 D in Utah?
The filed workers comp loss cost / rate for NCCI class code 1624 D (Oil/Gas Wells - Drilling/Operation) in Utah is $1.19 per $100 of payroll, effective 2024-01-01.
How much would I pay in Utah for code 1624 D on $500,000 of payroll?
At $1.19 per $100, $500,000 of payroll yields a base premium of $5,950 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). Utah sits at the 14th percentile across 14 peer states.