Hand Tool Manufacturing workers comp rate in Michigan
The filed workers comp rate for class code 3307 (Hand Tool Manufacturing) in Michigan is $1.62 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $8,100 in base premium.
Rate per $100 $1.62
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 81%
Confidence HIGH
FAQ
What is the workers comp rate for code 3307 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 3307 (Hand Tool Manufacturing) in Michigan is $1.62 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 3307 on $500,000 of payroll?
At $1.62 per $100, $500,000 of payroll yields a base premium of $8,100 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 3307?
UT has the cheapest filed rate for code 3307 ($0.440) and NJ the highest ($4.55). Michigan sits at the 81th percentile across 21 peer states.