Forging - Drop or Machine workers comp rate in Michigan
The filed workers comp rate for class code 3004 (Forging - Drop or Machine) in Michigan is $0.940 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $4,700 in base premium.
Rate per $100 $0.940
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 67%
Confidence HIGH
FAQ
What is the workers comp rate for code 3004 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 3004 (Forging - Drop or Machine) in Michigan is $0.940 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 3004 on $500,000 of payroll?
At $0.940 per $100, $500,000 of payroll yields a base premium of $4,700 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3004?
UT has the cheapest filed rate for code 3004 ($0.210) and NJ the highest ($5.12). Michigan sits at the 67th percentile across 21 peer states.