Wisconsin Worker’s Compensation Program Announces Employer Rate Decrease...Again

Nearly half billion dollars in savings for Wisconsin employers over past three years

July 30, 2019

Wisconsin’s Department of Workforce Development (DWD) and Office of the Commissioner of Insurance (OCI) announced last week that Wisconsin employers will see a 8.84% reduction in worker’s compensation premium rates starting October 1, 2019.

“I’m encouraged by the positive trend in Worker’s Compensation rates in recent years,” said OCI Commissioner-designee Mark Afable. “Businesses, workers, and insurers all benefit from the strength and stability of Wisconsin’s Worker’s Compensation system.”

This is the fourth consecutive year of premium decreases which have amounted to $477 million in savings to Wisconsin employers since 2017. “Wisconsin has long been regarded as a national model for its smart, effective worker’s compensation program,” said DWD Secretarydesignee Caleb Frostman. “This is definitely good news for Wisconsin businesses and workers.”

The Worker’s Compensation Advisory Council (WCAC) is developing a worker’s compensation package to send to the Legislature this session. Proposals were exchanged by the labor and management contingents of the WCAC in May, and the Council is scheduled to reconvene August 15.

WHA will continue to monitor and report on developments. For more information about this recent worker’s compensation premium rate decrease, contact WHA Vice President of Public Policy Lisa Ellinger.
 

This story originally appeared in the July 30, 2019 edition of WHA Newsletter