Farm Machinery Sales workers comp rate in Michigan
The filed workers comp rate for class code 8745 (Farm Machinery Sales) in Michigan is $2.19 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $10,950 in base premium.
Rate per $100 $2.19
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 68%
Confidence HIGH
FAQ
What is the workers comp rate for code 8745 in Michigan?
The filed workers comp loss cost / rate for NCCI class code 8745 (Farm Machinery Sales) in Michigan is $2.19 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 8745 on $500,000 of payroll?
At $2.19 per $100, $500,000 of payroll yields a base premium of $10,950 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 8745?
UT has the cheapest filed rate for code 8745 ($0.750) and CA the highest ($9.21). Michigan sits at the 68th percentile across 22 peer states.