Electric Utility Company workers comp rate in Michigan
The filed workers comp rate for class code 7502 (Electric Utility Company) in Michigan is $0.940 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $4,700 in base premium.
Rate per $100 $0.940
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 48%
Confidence HIGH
FAQ
What is the workers comp rate for code 7502 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 7502 (Electric Utility Company) in Michigan is $0.940 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 7502 on $500,000 of payroll?
At $0.940 per $100, $500,000 of payroll yields a base premium of $4,700 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7502?
UT has the cheapest filed rate for code 7502 ($0.390) and NJ the highest ($4.15). Michigan sits at the 48th percentile across 21 peer states.