The Wisconsin Department of Workforce Development and the Office of the Insurance Commissioner said businesses will pay an average of 10.5% less for workers’ compensation coverage, starting Oct. 1.
The state’s ninth consecutive rate cut is projected to save employers about $206 million on policies over the coming year, the agencies said.
“The lower rates reflect Wisconsin employers' attention to workplace safety for the benefit of workers and employers alike,” the agencies said in a statement. “The 2024 rate decrease, approved by OCI, marks the ninth year in...
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