L&I announces 0.8% increase to average workers' comp base rate in 2015

 

November 25, 2014

 

Predictable rates with adequate reserves

L&I announced on November 25, 2014, a 0.8% increase to the average base rate for workers' compensation premiums across 324 risk classifications for 2015.

The proposed adjustment will:

  • Ensure steady and predictable rates.

  • Benchmark against wage inflation (this happens automatically in other states).

  • Slowly rebuild reserves to protect against unexpected changes.

 

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