Vermont Gov. Jim Douglas says the state’s business owners are going to be paying less for workers’ compensation insurance.
The new rates that will take effect April 1 will mark the fourth consecutive year in which rates have decreased.
The rate changes vary by industry. The state says there were significant reductions for dairy farms, which will see a 19 percent, and the ski industry, which will go down 13 percent.
The new rates were approved by the Department of Banking, Insurance, Securities and Health Care Administration.
Douglas says the decreased rates would not be possible without employers’ continued attention to the need for workplace safety and state regulators.
Topics Trends Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
St. Pete Mayor Accepts $275M Bid to Redevelop Tropicana Field Area for Housing 
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
