MADISON, Wis. (WRN) — Insurance premiums for Wisconsin worker’s compensation will decline for the tenth straight year.
The Wisconsin Department of Workforce Development announced Tuesday that the average workers’ compensation insurance rates for employers will drop to 3.2% in October. DWD says the lower rates reflect employers’ increased efforts to improve workplace safety.
Insurance Commissioner Nathan Houdek says employers doing business in Wisconsin can count on a competitive insurance marketplace for coverage that keeps businesses and employees safe. Actual premiums vary by employer based on factors such as injury risk exposure.