Hardware Stores workers comp rate in Michigan
The filed workers comp rate for class code 8006 (Hardware Stores) in Michigan is $1.25 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $6,250 in base premium.
Rate per $100 $1.25
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 73%
Confidence HIGH
FAQ
What is the workers comp rate for code 8006 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 8006 (Hardware Stores) in Michigan is $1.25 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 8006 on $500,000 of payroll?
At $1.25 per $100, $500,000 of payroll yields a base premium of $6,250 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 8006?
UT has the cheapest filed rate for code 8006 ($0.410) and CA the highest ($3.99). Michigan sits at the 73th percentile across 22 peer states.