Kansas business owners see workers compensation insurance rate decrease again
TOPEKA, Kan (RELEASE) Many Kansas business owners will pay less for workers compensation insurance in 2018, the fourth consecutive year for a Kansas decrease.
“This rate decrease means that many Kansas companies will have more money to grow their businesses. “This happens because they will pay less to fund costs to cover medical claims costs and lost wages for job-related injuries and deaths, and to help fund workplace safety and health programs,” said Commissioner Selzer.
The decreases affect many of the approximately 65,000 Kansas businesses that pay workers compensation insurance.
The 2018 rate filing for the worker’s compensation rate shows a decrease of 7.6 percent in the voluntary base rate and a decrease of 5.8 percent for assigned risk workers compensation rates.
Adding together the rate decreases Kansas business owners saw…