Residential Property Management workers comp rate in Michigan
The filed workers comp rate for class code 8738 M (Residential Property Management) in Michigan is $0.730 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $3,650 in base premium.
Rate per $100 $0.730
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 94%
Confidence HIGH
FAQ
What is the workers comp rate for code 8738 M in Michigan?
The filed workers comp loss cost / rate for NCCI class code 8738 M (Residential Property Management) in Michigan is $0.730 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 8738 M on $500,000 of payroll?
At $0.730 per $100, $500,000 of payroll yields a base premium of $3,650 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 8738 M?
MD has the cheapest filed rate for code 8738 M ($0.200) and NV the highest ($0.980). Michigan sits at the 94th percentile across 16 peer states.