2018 Workers’ Compensation Premium Ranking by State & What Staffing Firms Need to Know
Workers’ comp: some have it good. Others? Not so much.
Every 2 years the state of Oregon publishes a ranking of the 51 states (including Washington D.C.) of their respective workers’ compensation premium index rates. This ranking identifies which states maintain an average low cost of workers’ compensation rates, as opposed to those with a higher average cost.
Why is reviewing this data important for a staffing firm?
- For most industry sectors (e.g. light industrial, construction, oil & gas, healthcare, etc.), workers’ compensation is the largest controllable expense
- Understanding the variance among average workers’ compensation rates in different states can impact your decision to conduct business in new geographic markets
- This can also assist in negotiating bill rates for current clients who desire you to expand your operations with them into new states
The 2-page PDF summary of the 2018 Oregon Workers’ Compensation Premium Rate Ranking Summary can be found here: https://www.nh.gov/insurance/pc/workerscomp/documents/2018oregonstudy.pdf
Questions about workers' compensation rates and what you can do about it? Contact a member of the 'A' Team.
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- Download Now: Workers’ Compensation E-Book
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