Iron/Steel Scrap Dealer workers comp rate in Michigan
The filed workers comp rate for class code 8401 (Iron/Steel Scrap Dealer) in Michigan is $0.430 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $2,150 in base premium.
Rate per $100 $0.430
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
Confidence HIGH
FAQ
What is the workers comp rate for code 8401 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 8401 (Iron/Steel Scrap Dealer) in Michigan is $0.430 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 8401 on $500,000 of payroll?
At $0.430 per $100, $500,000 of payroll yields a base premium of $2,150 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.