Rates to Fall 5.5% in April

Vermont voluntary market loss costs will decrease by an average of 5.5% on April 1, Gov. Phil Scott said in a statement Monday. This is the fifth consecutive year that work comp rates decreased, resulting in state employers — 90% of which obtain coverage from the voluntary market — paying an average of 36% less for coverage than they did in 2016. Assigned risk rates will decrease by an average of 4.6%. “A major expense for Vermont businesses has been workers’ compensation insurance, so I’m proud that we’ve been able to reduce these costs annually, without...