Dec. 5: 2017 Workers’ Comp Rates Announced

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The WCB approved the 2017 average employer premium rate, which dropped 7.5% from the 2016 average rate of $1.34 to $1.24. The decreases in the 2017 rates range from 1.8-18.6%. For the employers in 43 rate codes, the average decrease is 7.6% and there will be no change in the average premium rate for 2,367 employers in four industry rate codes.