Good News for Washington State Companies: Cheaper Comp Insurance in 2019

The price of workers' compensation insurance in Washington state will take the largest drop in more than 10 years on Jan. 1, 2019, as the state Department of Labor & Industries on Dec. 3 announced a 5 percent decrease in the average amount employers pay for the coverage.

The price of workers' compensation insurance in Washington state will take the largest drop in more than 10 years on Jan. 1, 2019, as the state Department of Labor & Industries on Dec. 3 announced a 5 percent decrease in the average amount employers pay for the coverage. "We're seeing fewer injuries on the job, and we've made improvements in helping injured workers heal and return to work. That's good news for workers and employers, and it's helping us significantly lower workers' compensation costs," said L&I Director Joel Sacks.

Under the lower 2019 rate, employers will pay an average of about $58 less per employee for a year of workers' compensation coverage. Workers will also pay less, with their share of the cost dropping by about $6 a year. Combined, workers and employers will pay $136 million less in premiums during 2019.

L&I workers' comp insurance covers about 2.9 million workers and nearly 180,000 employers in Washington. The department accepts more than 90,000 injured worker claims each year. In the past five years, the projected long-term costs for the workers' compensation system have fallen more than $2 billion thanks to a variety of department efforts, including L&I programs to help injured workers heal and return to work, reduce opioid use during treatment, and provide vocational support earlier in injury claims.

The 5 percent rate decrease is an average. An individual employer's actual rate change may be more or less, depending on that employer's industry and claims history.

Download Center

HTML - No Current Item Deck
  • Safety Management Software - Free Demo

    IndustrySafe Safety Software’s comprehensive suite of modules help organizations to record and manage incidents, inspections, hazards, behavior based safety observations, and much more. Improve safety with an easy to use tool for tracking, notifying and reporting on key safety data.

  • Create Flexible Safety Dashboards

    IndustrySafe’s Dashboard Module allows organizations allows you to easily create and view safety KPIs to help you make informed business decisions. Our best of breed default indicators can also save you valuable time and effort in monitoring safety metrics.

  • Schedule and Record Observations

    IndustrySafe's Observations module allows managers, supervisors, and employees to conduct observations on employees involved in safety critical behavior. IndustrySafe’s pre-built BBS checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Why Is Near Miss Reporting Important?

    A near miss is an accident that's waiting to happen. Learn how to investigate these close calls and prevent more serious incidents from occurring in the future.

  • Get the Ultimate Guide to Safety Training

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We’ve put together a guide on key safety training topics, requirements for certifications, and answers to common FAQs.

  • Industry Safe
comments powered by Disqus

OH&S Digital Edition

  • OHS Magazine Digital Edition - May 2019

    May 2019

    Featuring:

    • RESPIRATORY PROTECTION
      Why Pick a PAPR? 
    • FIRE SAFETY TRAINING
      Fire Safety: Plan, Prevent, Train, Recover
    • PROTECTIVE APPAREL
      The Truth About Heat Stress and FRC
    • AIHCE EXP 2019 PREVIEW
      Underestimated No More
    View This Issue