Insurers and Self-Insurers

2004 INSURANCE RATE COMPARISONS

The rates listed for Michigan, Minnesota and Illinois are assigned risk rates only. Individual insurance companies and specific corporations assign their own rate. In Wisconsin the rates are uniform. Wisconsin rates are effective October 1, 2004. Michigan rates are effective January 1, 2004. Illinois rates are effective January 1, 2004. Minnesota rates are effective April 1, 2004.

RATES REPRESENT ACTUAL COST PER $100 OF PAYROLL

CODE DESCRIPTION WI MI MN IL
2111 Canneries $3.30 $5.34 $6.53 $6.96
2710 Sawmills 15.03 * 27.53 21.68
2802 Carpentry Shop 6.15 13.29 6.46 11.10
2883 Furniture Mfg. -Wood 5.28 * 7.49 9.00
3066 Sheet Metal Work Shop 6.47 11.22 9.26 9.49
3076 Fireproof Equipment Mfg. 3.84 5.88 6.41 7.90
3081 Foundry-Iron 6.13 8.10 10.32 14.62
3082 Foundry-Steel Castings 7.33 9.92 17.18 14.80
3085 Foundry-Non-Ferrous Metals 6.24 8.61 10.42 10.29
3179 Electrical Apparatus Mfg. 4.62 4.27 3.70 5.95
3400 Metal Goods Mfg. 7.83 8.11 7.15 9.53
3507 Agricultural Machinery Mfg. 5.33 6.23 6.79 12.30
3612 Pump & Engine Mfg. 3.94 5.49 4.75 8.80
3632 Machine Shops 3.66 6.21 6.14 8.01
3643 Electric Power-Trans. Equip. 3.53 5.05 3.70 8.66
3685 Instrument Mfg. 1.72 2.34 2.38 3.99
3808 Auto Mfg. or Assembly 7.17 6.94 6.67 8.05
4239 Paper Mfg. 2.89 6.27 5.09 10.24
4244 Corrugated Container Mfg. 3.37 7.54 7.22 7.11
4299 Printing 2.94 3.92 5.52 6.38
4484 Plastics Mfg.- Molded Products 3.75 6.11 6.67 6.57
4693 Surgical & Pharmaceutical Mfg. 1.21 3.35 3.50 3.37
AVERAGE   $5.08 $6.71 $7.77 $9.31

*Codes 2710 and 2883 are not available in MI

This chart is produced by the Wisconsin Department of Workforce Development, Worker’s Compensation Division-Bureau of Insurance Programs in cooperation with the Wisconsin Compensation Rating Bureau.