Labor & Industries has announced that average workers’ comp insurance will be unchanged next year. Regardless, individual employers may see rates go up or down depending on their recent claims history and changes in the frequency and cost of clams in their industry risk classes.
For the first time in two decades, the state workers’ comp rates have dropped or stayed steady for four consecutive years. Though L&I believes rate increases may be needed, Director Joel Sacks said rates are being held steady due to business hardships caused by the COVID-19 pandemic.
Employers and workers pay into the workers’ comp system to help cover the cost of providing wage and disability benefits for injured workers and for medical treatment or injuries and illnesses. More information about 2021 workers’ compensation rates is available at Lni.wa.gov/Rates.