Oil & Gas Well Drilling workers comp rate in Michigan
The filed workers comp rate for class code 4825 (Oil & Gas Well Drilling) in Michigan is $0.500 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $2,500 in base premium.
Rate per $100 $0.500
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 80%
Confidence HIGH
FAQ
What is the workers comp rate for code 4825 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 4825 (Oil & Gas Well Drilling) in Michigan is $0.500 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 4825 on $500,000 of payroll?
At $0.500 per $100, $500,000 of payroll yields a base premium of $2,500 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 4825?
UT has the cheapest filed rate for code 4825 ($0.190) and IL the highest ($1.21). Michigan sits at the 80th percentile across 20 peer states.