The Department of Consumer and Business Services (DCBS) recently announced workers’ compensation rates for 2011. Overall, costs for employers will be flat. The changes include:
A 1.8 percent decrease in the workers’ compensation “pure” premium rate for 2011. The reduction marks the fifth straight year of a rate decrease and the 21st consecutive year with no rate increase.
A proposed 1.8 percentage point increase in the workers’ compensation premium assessment, from 4.6 percent in 2010, to 6.4 percent in 2011. The assessment rate has decreased four times since 2002.
No change in the Workers’ Benefit Assessment. It will remain at 2.8 cents per hour.
