Rates to Drop 8.47% in October

The Wisconsin Department of Workforce Development reported employers in the state will pay an average of 8.47% less for workers’ compensation coverage, starting Oct. 1. “The lower rates reflect continued worker safety improvements by employers in Wisconsin, which has a record number of people working and a May unemployment rate of just 2.9%,” the department said in a statement. “The 2022 rate decrease, approved by the Wisconsin commissioner of insurance, marks the seventh year in a row workers' compensation insurance premiums have declined in Wisconsin.” ...