L&I Proposes 1.8% Rate Increase

The Washington state Department of Labor and Industries is proposing a 1.8% rate increase for 2015 workers’ compensation premiums. The department said the proposed increase, which is equal to about 1 cent per hour worked, will help cover the cost of benefits while also allowing the agency to build reserves. “Raising rates this small amount helps keep costs in check for businesses, helps our system keep up with inflation and assures we have a reserve available for the tough times,” L&I Director Joel Sacks said in a statement. The department tapped into its reserves to m...