Retail Store - Building Material workers comp rate in Michigan
The filed workers comp rate for class code 8235 (Retail Store - Building Material) in Michigan is $1.88 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $9,400 in base premium.
Rate per $100 $1.88
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 25%
Confidence HIGH
FAQ
What is the workers comp rate for code 8235 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 8235 (Retail Store - Building Material) in Michigan is $1.88 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 8235 on $500,000 of payroll?
At $1.88 per $100, $500,000 of payroll yields a base premium of $9,400 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 8235?
UT has the cheapest filed rate for code 8235 ($0.880) and NJ the highest ($7.83). Michigan sits at the 25th percentile across 20 peer states.