Ship Scrapping workers comp rate in Michigan
The filed workers comp rate for class code 6874 F (Ship Scrapping) in Michigan is $9.25 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $46,250 in base premium.
Rate per $100 $9.25
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 90%
Confidence HIGH
FAQ
What is the workers comp rate for code 6874 F in Michigan?
The filed workers comp loss cost / rate for NCCI class code 6874 F (Ship Scrapping) in Michigan is $9.25 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 6874 F on $500,000 of payroll?
At $9.25 per $100, $500,000 of payroll yields a base premium of $46,250 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 6874 F?
UT has the cheapest filed rate for code 6874 F ($1.83) and MN the highest ($14.51). Michigan sits at the 90th percentile across 20 peer states.