Thursday, August 2, 2012

Workers Compensation Rate Changes Effective October 1, 2012

The State of Wisconsin, Office of the Commissioner of Insurance has approved an overall decrease in Workers Compensation rates?of 1.36%.? Rates are effective as of October 1, 2012 and apply to new and renewal business only.

New maximum cap per claim is now $186,500 (previously $171,000)!?

Rate Level Change By Industry Group Level Change:

  • Manufacturing -3.40%
  • Contracting -2.40%
  • Office & Clerical -4.80%
  • Goods & Services +1.00%
  • Miscellaneous +2.10%
  • Overall -1.36%

?A copy of?the complete letter from the Office of the Commissioner of Insurance is available.? We have also compiled a comparison to show the increases and decreases by classification for 2011-2012.

For more information and how R&R Insurance can help lower your Workers Compensation premiums, please visit our website.

Source: http://myknowledgecenter.com/business-insurance/workers-compensation-rate-changes-effective-october-1-2012/

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