Drug Manufacturing workers comp rate in Michigan
The filed workers comp rate for class code 4511 (Drug Manufacturing) in Michigan is $0.250 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $1,250 in base premium.
Rate per $100 $0.250
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 33%
Confidence HIGH
FAQ
What is the workers comp rate for code 4511 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 4511 (Drug Manufacturing) in Michigan is $0.250 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 4511 on $500,000 of payroll?
At $0.250 per $100, $500,000 of payroll yields a base premium of $1,250 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 4511?
UT has the cheapest filed rate for code 4511 ($0.100) and HI the highest ($0.890). Michigan sits at the 33th percentile across 21 peer states.