Railroad Operation - shop work workers comp rate in Michigan
The filed workers comp rate for class code 6704 M (Railroad Operation - shop work) in Michigan is $3.43 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $17,150 in base premium.
Rate per $100 $3.43
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 6704 M in Michigan?
The filed workers comp loss cost / rate for NCCI class code 6704 M (Railroad Operation - shop work) in Michigan is $3.43 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 6704 M on $500,000 of payroll?
At $3.43 per $100, $500,000 of payroll yields a base premium of $17,150 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 6704 M?
UT has the cheapest filed rate for code 6704 M ($1.65) and KS the highest ($4.60). Michigan sits at the 81th percentile across 16 peer states.