Date of Release: January 25, 2023
State: Michigan
Effective Date: March 1, 2023 — New and Renewal Business
Rate Change
Overall, Michigan Workers' Compensation rates will see an average rate change of 0%, starting March 1, 2023.
The effect of this rate change will vary based upon the class code and selected coverages. Some of your Insureds may see a slight increase, or a slight decrease, of their premium. The amount of the change depends on the specific risk. Quote Hastings Mutual every time and get the right rate for your risk.
Questions?
Please contact your Commercial Lines Underwriter with any questions. Your Territory Sales Manager will follow up with you with ideas for writing more business to help you get the most from these rate changes.
Thank you for your business.
This bulletin does not change the language of any policy. If there is a conflict between this bulletin and the policy language, the policy language will apply.