Cotton Warehousing workers comp rate in Michigan
The filed workers comp rate for class code 8291 (Cotton Warehousing) in Michigan is $1.74 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $8,700 in base premium.
Rate per $100 $1.74
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 50%
Confidence HIGH
FAQ
What is the workers comp rate for code 8291 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 8291 (Cotton Warehousing) in Michigan is $1.74 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 8291 on $500,000 of payroll?
At $1.74 per $100, $500,000 of payroll yields a base premium of $8,700 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 8291?
UT has the cheapest filed rate for code 8291 ($0.730) and HI the highest ($5.43). Michigan sits at the 50th percentile across 22 peer states.