L&I Proposes 0.8% Rate Decrease for 2020

The Washington Department of Labor & Industries has proposed a 0.8% decrease in workers’ comp rates for 2020, which if approved would be the third year in a row of rate decreases. In 2018, the average workers' compensation premium rate fell by 2.5%. Last year, L&I lowered the rate by 5%, the largest drop in more than 10 years. The price drop would result in employers paying an average of about $15 less a year per employee for workers' compensation coverage, L&I said. Employees would see a slight increase in the amount they pay because of a rise in costs related...