Category Archives: Workers Compensation Rates

Florida Workers Comp Rates in 2020

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Tampa Bay, Florida, Harbor, Waterfront

Third consecutive year of improving rates in Florida Florida Workers Comp Rates in 2020 are going down by 7.5 percent, marking the third consecutive year of declining rates. Previous recommendations from the National Council on Compensation Insurance (NCCI) were for a decline of 5.4 percent. This decline marks the third consecutive… Read more »

Idaho Workers Compensation Rates to Decrease in 2020 by 6.2 Percent

Idaho Workers Compensation Rates again head in the right direction The Idaho Department of Insurance as of October 2019, has approved a proposal for a 6.2 percent overall rate decrease to Idaho Workers’ Compensation Insurance. This decrease goes in to effect on Jan. 1, 2020.  Before this announcement, Idaho Workers Compensation was… Read more »

California Workers Comp Rates 2020

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California Workers Comp Rates 2020 are going to be declining for the fifth straight year. The average of the Jan. 1, 2020, advisory pure premium rates are $1.58 per $100 of payroll. If adopted, this would be the ninth consecutive pure premium rate decrease since 2015 totaling roughly 45 percent. This… Read more »

Nevada Workers Compensation Rates 2019

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In 2019 Nevada Workers Compensation Rates will be Some of the Lowest in the Country Effective the first of March, 2019; Nevada Workers Compensation Rates will be 8.1% lower than the previous year. This is great news because rates on coverage were already the 46th most expensive state for purchasing… Read more »

The State of Utah Workers Compensation System in 2019

Utah Workers Compensation Rates 2019 The Utah Workers Compensation System is different from the way other states administer the ‘Exclusive Remedy’. The business community benefits from these differences in the form of some of the lowest rates for workers comp premium in the United States of America. In the state… Read more »

Louisiana Workers Compensation Rates 2019 Are Declining

5 years of Continued Declines for Louisiana Workers Compensation Rates 2019 Starting on May 1st, 2019 the Business Community will be saving 5.6 percent on average for Louisiana Workers Compensation Rates 2019. Louisiana Insurance Commissioner Jim Donelon said, “Rates have had a cumulative drop of 19 percent over the last… Read more »

Indiana Workers Compensation Rates are Declining by 7.6%

See What is Contributing to The Improvements in The Indiana Workers Compensation System Workers Compensation Rates in the state of Indiana are declining in 2019. The amount they are declining is by an average of 7.6 percent. The Indiana Department of Insurance approved the rate decrease in October.  The savings… Read more »

Workers Comp Rates in North Carolina are Declining by 17.2% in 2019

See how this decline will impact the North Carolina Business Community In the year 2019, North Carolina Businesses will be paying an average of 17.2% less for workers compensation insurance premium. This is in addition to a 12.5% decrease in 2017 and 8.5% decrease in 2016.  According to Mike Causey,… Read more »

Connecticut Will Experience 17% Decline in Workers Compensation Rates in 2019

Connecticut Workers Compensation Insurance Rates are going to be going down in 2019!!! Connecticut Workers Compensation Rates are on the decline for next year. Decreasing by an average of 17%. This is a significant amount of a decline and it marks the fifth year in a row that businesses have paid less… Read more »

Colorado Workers Compensation Insurance Rates 2019

In 2019 Colorado Workers Compensation Insurance Rates are Declining by 10 percent Colorado Workers Compensation Insurance Rates in 2019 will be decreasing by 10 percent on average across all classification codes. This decrease will go in to effect on January 1, 2019; representing  the fourth straight year Colorado has enjoyed a… Read more »