Question 1

How much does workers' comp cost for Real Estate Agency - All Employees in Michigan?

Accepted Answer

The current rate for Real Estate Agency - All Employees (Class Code 8856) in Michigan is $1.34 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $670 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 Real Estate Agency - All Employees is $1.34, which is $0.06 above the national average of $1.28 (+5%).

Question 4

What does class code 8856 cover?

Accepted Answer

Covers real estate agents, brokers, and office staff performing property sales and management services.

State	Rate per $100	Difference
Michigan (current)	$1.34	—
Indiana	$0.94	-0.40
Texas	$0.98	-0.36
Virginia	$1.00	-0.34
Utah	$1.02	-0.32
Arkansas	$1.06	-0.28

Workers' Comp Rate for Real Estate Agency - All Employees in Michigan (Class Code 8856)

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