Question 1

How much does workers' comp cost for Boat Building - Wood in Michigan?

Accepted Answer

The current rate for Boat Building - Wood (Class Code 7335) in Michigan is $8.40 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $4200 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 Boat Building - Wood is $8.40, which is $0.39 above the national average of $8.01 (+5%).

Question 4

What does class code 7335 cover?

Accepted Answer

Covers workers building and repairing wooden boats including hull construction, finishing, and restoration.

State	Rate per $100	Difference
Michigan (current)	$8.40	—
Indiana	$5.85	-2.55
Texas	$6.15	-2.25
Virginia	$6.23	-2.17
Utah	$6.38	-2.02
Arkansas	$6.60	-1.80

Workers' Comp Rate for Boat Building - Wood in Michigan (Class Code 7335)

Get a Custom Quote for Boat Building - Wood in Michigan

Compare: Boat Building - Wood Rates in Other States

Get an Exact Quote for Your Business in Michigan

Related Class Codes in Michigan

Frequently Asked Questions

Ready to Get Covered?