Railroad Operation - road work workers comp rate in Michigan
The filed workers comp rate for class code 6703 M (Railroad Operation - road work) in Michigan is $4.33 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $21,650 in base premium.
Rate per $100 $4.33
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 75%
Confidence HIGH
FAQ
What is the workers comp rate for code 6703 M in Michigan?
The filed workers comp loss cost / rate for NCCI class code 6703 M (Railroad Operation - road work) in Michigan is $4.33 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 6703 M on $500,000 of payroll?
At $4.33 per $100, $500,000 of payroll yields a base premium of $21,650 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 6703 M?
UT has the cheapest filed rate for code 6703 M ($2.65) and KS the highest ($8.11). Michigan sits at the 75th percentile across 16 peer states.