For the eighth consecutive year, Connecticut’s worker’s compensation insurance rates are dropping, Gov. Ned Lamont said.
The governor announced in a news release that businesses will see a rate decrease in 2022 as the state’s Insurance Department has approved a filing featuring a 14.1% reduction to pure premium loss costs and an 8.2% reduction in risk rates.
“This further decline in workers’ compensation insurance premiums is good news for businesses, enabling employers to invest more money back into their companies and employees, and providing a boost to our economy,” Lamont said. “It’s even better news for workers, because the decrease reflects the fact that workplaces are getting safer and safer.”Read More