Street or Road Construction - Excavation workers comp rate in Michigan
The filed workers comp rate for class code 5506 (Street or Road Construction - Excavation) in Michigan is $2.43 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $12,150 in base premium.
Rate per $100 $2.43
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 32%
Confidence HIGH
FAQ
What is the workers comp rate for code 5506 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 5506 (Street or Road Construction - Excavation) in Michigan is $2.43 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 5506 on $500,000 of payroll?
At $2.43 per $100, $500,000 of payroll yields a base premium of $12,150 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 5506?
KS has the cheapest filed rate for code 5506 ($1.21) and NY the highest ($8.46). Michigan sits at the 32th percentile across 19 peer states.