Wood Musical Instrument Mfg. workers comp rate in Michigan
The filed workers comp rate for class code 2731 (Wood Musical Instrument Mfg.) in Michigan is $2.52 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $12,600 in base premium.
Rate per $100 $2.52
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 71%
Confidence HIGH
FAQ
What is the workers comp rate for code 2731 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 2731 (Wood Musical Instrument Mfg.) in Michigan is $2.52 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 2731 on $500,000 of payroll?
At $2.52 per $100, $500,000 of payroll yields a base premium of $12,600 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 2731?
UT has the cheapest filed rate for code 2731 ($0.810) and CA the highest ($6.44). Michigan sits at the 71th percentile across 21 peer states.