Building Steel Erection workers comp rate in Michigan
The filed workers comp rate for class code 5059 (Building Steel Erection) in Michigan is $10.58 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $52,900 in base premium.
Rate per $100 $10.58
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 5059 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 5059 (Building Steel Erection) in Michigan is $10.58 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 5059 on $500,000 of payroll?
At $10.58 per $100, $500,000 of payroll yields a base premium of $52,900 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 5059?
UT has the cheapest filed rate for code 5059 ($2.83) and IL the highest ($14.18). Michigan sits at the 81th percentile across 21 peer states.