News

State says PA workers' compensation rates drop

Written by The Associated Press | Mar 28, 2013 2:24 PM
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(Harrisburg) -- The state Insurance Department says a workers' compensation insurance rate reduction will go into effect next week for employers.

The department said that the overall four percent decrease that takes effect Monday could mean as much as $110 million in savings for Pennsylvania employers.

It says the estimate may vary according to claims experience, payroll and other factors, and not all employers will see a decrease.

Workers' compensation insurance provides for the cost of medical care and rehabilitation for injured workers, and lost wages and death benefits for the dependents of people who are killed in work-related accidents.

The department says employers should contact their insurance agent before their next renewal date to find out how their premium will change.

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