Workers' Compensation Rates in Nevada (2026)

State Overview

Nevada requires all employers to carry workers' comp. Its current March 1, 2026 filing increased average voluntary-market loss costs by 21.6%; a separate SB 317 change takes effect October 1, 2026.

Understanding Nevada Workers' Comp Rates

Nevada is an NCCI advisory state today, but it has one of the more dramatic histories in the country: for most of the 20th century workers' compensation was a state monopoly. Employers bought coverage exclusively from the State Industrial Insurance System (SIIS) — the successor to the Nevada Industrial Commission — and no private carrier could write policies. The Legislature voted to privatize, the market opened to private insurers in 1999, and on January 1, 2000 SIIS was converted into a mutual insurer, Employers Insurance Company of Nevada (EICN). EICN served as the insurer of last resort during the transition, and by about 2002 the market was fully competitive with more than 100 admitted carriers.

Today NCCI files advisory loss costs and assigned-risk rates with the Nevada Division of Insurance (DOI), and each carrier applies its own loss-cost multiplier on top — so unlike Wisconsin, Nevada base prices do vary by carrier. The DOI approved a 21.6% average voluntary-market loss-cost increase effective March 1, 2026, slightly below NCCI's proposed 21.9% increase. The filing uses premium and loss experience through year-end 2024 from policy years 2021–2023. That percentage is the statewide average NCCI filed and the DOI approved — it is not a figure this site derived, and the estimates in the table below are not a restatement of the filed loss costs. Your actual premium depends on your class code, carrier multiplier, experience modification factor, payroll, and schedule credits.

How to find a Nevada workers' comp class code from a job description

There is no Nevada workers' comp class code for a job title. NCCI files the classifications used in Nevada, and the NCCI rules are what an auditor applies, and what gets classified is the employer's business — not the separate employments, occupations or operations inside it. "Machinist", "CNC operator", "general construction labor" and "data entry" are therefore work that sits inside whichever classification describes the business, not values you can look up on their own.

NCCI publishes Nevada's classifications in the Basic Manual for Workers Compensation and Employers Liability Insurance for Nevada (the manual of rules the Commissioner's designated advisory organization has to formulate and submit for approval under NRS 686B.1764(3), covering the Uniform Statistical Plan, the Uniform Plan for Rating Experience and the Uniform System of Classification — every rating manual and every change to one is filed with the Commissioner at least sixty days before it is distributed to insurers and is deemed approved unless disapproved inside that window (NRS 686B.177)). To confirm the classification for a specific business, use the Division of Insurance's Workers' Compensation filing page, which posts the approved Advisory Loss Costs and Rating Values class code by class code alongside the Commissioner's approval circular, published by the Nevada Division of Insurance rather than by NCCI — that is the filed authority for Nevada, and a code quoted from another state's manual is not. Nevada sends a classification argument to a panel before it reaches the regulator. Under NRS 616B.772 an employer other than a self-insured one may file a written grievance with the Appeals Panel for Industrial Insurance — seven members appointed by the Governor, including two representatives of the general public who may not work for the insurance industry — over the classification of risk assigned to the business, the experience modification or the application of supplementary rate information. NRS 616B.777 gives the employer written notice within thirty days and a decision within thirty days of the hearing, and NRS 616B.780 opens the hearing to the public unless proprietary information is in play. The order is mandatory rather than optional: NRS 616B.787(2) bars the Commissioner from holding a hearing on an employer's classification complaint at all until that employer has filed with the Panel and received its written decision.

Nevada's classification system belongs to the Commissioner rather than to NCCI. NRS 686B.1764 has the Commissioner designate one licensed advisory organization — through competitive bidding — as the state's statistical agent, and that organization formulates the manual of rules for the Commissioner's approval, so the Uniform System of Classification is Nevada's own instrument operated by NCCI rather than an NCCI product Nevada adopted. Two consequences an out-of-state employer will not expect. NRS 686B.1767 forbids the advisory organization from filing rates on an insurer's behalf or distributing any rate recommendation that includes expenses, so what is approved is a loss cost and the price is the carrier's own. And the Appeals Panel's jurisdiction is drawn to match: NRS 616B.775(2)(a) bars it from hearing complaints about the effect of a classification on every similarly classified business in the state, so it decides whether your business is in the right class, never whether the class itself is fair.

the Division of Insurance's Workers' Compensation filing page, which posts the approved Advisory Loss Costs and Rating Values class code by class code alongside the Commissioner's approval circular (official Nevada lookup)

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Related Guides for Nevada Employers

• The Complete Guide to Workers' Comp Costs in 2026

  National benchmarks, the 2026 state rate-change table, and how to budget your premium.

• Compare Workers' Comp Rates by State

  Rank all states for the same class code or compare Nevada rates side by side with up to two other states.

• Workers' Comp Premium Calculator

  Estimate annual premium from your Nevada class-code rate, payroll, and experience modification factor.

• Workers' Comp Class Codes Explained

  How NCCI assigns a code to each job and why it creates a 10–25× swing in your rate.

• NCCI Class Code Lookup & Directory

  Search workers' comp class codes by keyword to find the four-digit NCCI (or Nevada bureau) code for your business — then see how it is rated above.

• Experience Modification Rate (EMR) Explained

  How your claims history becomes a multiplier that raises or lowers your Nevada premium.

• 5 Proven Ways to Lower Your Workers' Comp Premium

  Tactics any small business can use to reduce cost at next renewal — from classification audits to return-to-work programs.

• How Rates Are Calculated: NCCI vs Independent States

  Whether Nevada uses NCCI or an independent bureau — and why the difference changes how your premium is set.