2018 Workers’ Compensation & Safety Update

On May 29, 2018, insurance commissioner, Dave Jones approved a 10% reduction in pure premium rates for policies renewing on or after July 1, 2018. Not all insurers will update existing rates, however, market competition will continue to drive down workers’ compensation costs due to lower taxes, quicker closing of claims and lower loss ratios. Read on to see how rates for your classifications are changing, and much more!