Pharmaceutical Manufacturing workers comp rate in Michigan
The filed workers comp rate for class code 4583 (Pharmaceutical Manufacturing) in Michigan is $2.04 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $10,200 in base premium.
Rate per $100 $2.04
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 57%
Confidence HIGH
FAQ
What is the workers comp rate for code 4583 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 4583 (Pharmaceutical Manufacturing) in Michigan is $2.04 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 4583 on $500,000 of payroll?
At $2.04 per $100, $500,000 of payroll yields a base premium of $10,200 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 4583?
UT has the cheapest filed rate for code 4583 ($0.660) and HI the highest ($4.94). Michigan sits at the 57th percentile across 21 peer states.