Question 1

How much does workers' comp cost for Auto Accessories Store in Michigan?

Accepted Answer

The current rate for Auto Accessories Store (Class Code 8046) in Michigan is $1.40 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $700 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Michigan?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Michigan for all employers with at least one employee.

Question 3

How does Michigan's rate compare to other states?

Accepted Answer

Michigan's rate for Auto Accessories Store is $1.40, which is $0.06 above the national average of $1.34 (+4%).

Question 4

What does class code 8046 cover?

Accepted Answer

Covers employees of auto accessories stores selling parts, accessories, and automotive supplies.

State	Rate per $100	Difference
Michigan (current)	$1.40	—
Indiana	$0.98	-0.42
Texas	$1.02	-0.38
Virginia	$1.04	-0.36
Utah	$1.06	-0.34
Arkansas	$1.10	-0.30

Workers' Comp Rate for Auto Accessories Store in Michigan (Class Code 8046)

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