Question 1

How much does workers' comp cost for Charter Aircraft in Michigan?

Accepted Answer

The current rate for Charter Aircraft (Class Code 7405) in Michigan is $14.28 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $7140 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 Charter Aircraft is $14.28, which is $0.67 above the national average of $13.61 (+5%).

Question 4

What does class code 7405 cover?

Accepted Answer

Covers crew and ground personnel operating charter aircraft services for passengers and cargo.

State	Rate per $100	Difference
Michigan (current)	$14.28	—
Indiana	$9.95	-4.33
Texas	$10.46	-3.82
Virginia	$10.58	-3.70
Utah	$10.84	-3.44
Arkansas	$11.22	-3.06

Workers' Comp Rate for Charter Aircraft in Michigan (Class Code 7405)

Get a Custom Quote for Charter Aircraft in Michigan

Compare: Charter Aircraft 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?