Livery Service workers comp rate in Michigan
The filed workers comp rate for class code 7405 (Livery Service) in Michigan is $0.780 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $3,900 in base premium.
Rate per $100 $0.780
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 85%
Confidence HIGH
FAQ
What is the workers comp rate for code 7405 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 7405 (Livery Service) in Michigan is $0.780 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 7405 on $500,000 of payroll?
At $0.780 per $100, $500,000 of payroll yields a base premium of $3,900 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7405?
TN has the cheapest filed rate for code 7405 ($0.140) and CA the highest ($1.58). Michigan sits at the 85th percentile across 20 peer states.