Retail Gift Shop workers comp rate in Michigan
The filed workers comp rate for class code 8059 (Retail Gift Shop) in Michigan is $1.15 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $5,750 in base premium.
Rate per $100 $1.15
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
Confidence HIGH
FAQ
What is the workers comp rate for code 8059 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 8059 (Retail Gift Shop) in Michigan is $1.15 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 8059 on $500,000 of payroll?
At $1.15 per $100, $500,000 of payroll yields a base premium of $5,750 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.