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Workers’ Compensation Rates to Decrease for Employers

Due to fewer and fewer workdays missed due to accidents, 2017 will mark the third year in a row that employers will be entitled to a reduced compensation rate for workers’ compensation insurance, according to one report. According to Missouri Department of Insurance Director John M. Huff, “Missouri businesses will be pleased to hear that workers’ compensation rates on average should decrease again in 2017. 

Case Study

With 336 active carriers and rates continuing to decline, Missouri has a competitive workers’ compensation market that benefits Missouri businesses.” Specifically, there is a 2017 proposed decrease of 3.7 percent in workers’ compensation costs. This reduced cost comes along with fewer missed work days by Missouri employees, which can be thought of as fewer missed days due to injuries and illnesses. So, is the Missouri work environment becoming safer? According to these claims, yes. Or, are employees just not reporting their injuries and illnesses? The proposed changes to specific Missouri industries are as follows:

So, is the Missouri work environment becoming safer? According to these claims, yes. Or, are employees just not reporting their injuries and illnesses? The proposed changes to specific Missouri industries are as follows:

  • Decrease of 1.5 percent in manufacturing;
  • Decrease of 4.9 percent in contracting;
  • Decrease of 6.9 percent in office and clerical work;
  • Decrease of 3.8 percent in goods and services and;
  • Decrease of 2.3 percent in miscellaneous work.

However, despite the news that workers’ compensation rates are declining and that the workplace is apparently a safer place, the Occupational Safety and Health Administration (OSHA) is investigating a string of fatalities that have taken place recently in Missouri and the surrounding area.

Since October 1st of 2015, within Region Seven, which includes Missouri, Iowa, Kansas, and Nebraska, there have been 45 workplace fatalities, with five fatalities taking place since August 10th, according to KWQC News. One of these fatalities involved a man who was killed by a falling tree during a tree felling service, another employee was killed by gunshot wounds, a fourth man died of heat stroke during a workday that had a heat index of 105 degrees Fahrenheit, and a fourth employee, who was working with concrete, was electrocuted when a bar of rebar he was handling made contact with a live wire. All four of these separate instances, all of which occurred since August 10th, were in Missouri.

Let an Attorney Help You with your Case

If you have been injured on the job, you deserve workers’ compensation benefits. Contact or call an experienced Missouri workers compensation attorney with The Bassett Law Firm today at 479-521-9996 for immediate assistance.