Worker Compensation Insurance Rates Likely to Drop by Nearly Nine Percent in Wisconsin

While workplace injury totals are lower this year, advocates complain that high healthcare costs have kept the state from being competitive on worker’s compensation costs.

Continuing a three-year downward trend in premiums, Wisconsin is set to see its worker’s compensation insurance rates drop by 8.84 percent later this year.

A proposal by the Wisconsin Compensation Rating Bureau was submitted to the Wisconsin insurance commissioner last month and, if approved, will go into effect on October 1. The move is in line with rate decreases across the country, according to WorkersCompensation.com.

The decision to lower rates reflects increased safety measures put in place by the state’s employers, who pay for the insurance, said Wisconsin Safety Council President Katie Yeutter.

“Employers have invested great time and resources into keeping workers safe,” Yeutter said in a statement to WorkersCompensation.com. “Thanks to those efforts, workplace injuries are the lowest they've been in decades, despite more people working in Wisconsin than ever before.”

Employers in the state reported 82,400 injuries and illnesses in 2017, approximately 300 less than 2016, the Associated Press reported. But Wisconsin had a rate of 3.7 cases of illness and injury per 100 full-time workers in 2017 – a rate higher than the national average.

In addition, medical treatment costs for injured workers in Wisconsin are still among the highest in the U.S., according to data from the Workers Compensation Research Institute, a nonpartisan research firm.

Chris Reader, the director of health and human resources policy for the Wisconsin Manufacturers & Commerce association, is advocating for legislation to address the increasing healthcare costs.

“Unfortunately the incredibly high cost of health care for workplace injuries keeps Wisconsin from being competitive on worker's compensation costs,” Reader said in a statement. “It is time for lawmakers to help employers find meaningful relief for worker's compensation bills.”

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.

  • Get the Ultimate Guide to OSHA Recordkeeping

    OSHA’s Form 300A posting deadline is February 1! Are you prepared? To help answer your key recordkeeping questions, IndustrySafe put together this guide with critical compliance information.

  • The 4 Stages of an Incident Investigation

    So, your workplace has just experienced an incident resulting in the injury or illness of a worker. Now what? OSHA recommends that you conduct investigations of workplace incidents using a four-step system.

  • 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.

  • Industry Safe
comments powered by Disqus

Free Whitepaper

Stand Your Ground: A Guide to Slip Resistance in Industrial Safety Footwear

This white paper helps to clarify this complexity, so you can better navigate the standards and better ensure the safety of your employees.

Download Now →

OH&S Digital Edition

  • OHS Magazine Digital Edition - November December 2019

    November/December 2019

    Featuring:

    • GAS DETECTION
      Redefining Compliance for the Gas Detection Buyer
    • FALL PROTECTION
      Don't Trip Over the Basics
    • VISION PROTECTION
      What to Look for in Head-to-Toe PPE Solutions
    • PROTECTIVE APPAREL
      Effective PPE for Flammable Dust
    View This Issue