Question 1

How much does workers' comp cost for Aircraft Operation - NOC in New Mexico?

Accepted Answer

The current rate for Aircraft Operation - NOC (Class Code 7403) in New Mexico is $9.07 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $4535 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in New Mexico?

Accepted Answer

Yes, workers' compensation insurance is mandatory in New Mexico for employers with 3 or more employees.

Question 3

How does New Mexico's rate compare to other states?

Accepted Answer

New Mexico's rate for Aircraft Operation - NOC is $9.07, which is $0.81 below the national average of $9.88 (-8%).

Question 4

What does class code 7403 cover?

Accepted Answer

Covers employees involved in aircraft operation including pilots, co-pilots, and flight engineers.

State	Rate per $100	Difference
New Mexico (current)	$9.07	—
Indiana	$7.22	-1.85
Texas	$7.59	-1.48
Virginia	$7.68	-1.39
Utah	$7.86	-1.21
Arkansas	$8.14	-0.93

Workers' Comp Rate for Aircraft Operation - NOC in New Mexico (Class Code 7403)

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