Dec. 21: Average Workers’ Comp Rates to Drop

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The WCB announced that the 2012 average employer premium rate will drop by one cent to $1.60 for every $100 of assessable payroll. This drop is the seventh decrease in eight years and the lowest average premium rate in a decade. As a result, 26,000 employers with better safety records will see lower rates in 2012, with an average reduction of 5.3%.