Vermont Workers Compensation Rates

Great news for Vermont employers! Vermont Workers Compensation rates are heading down! Recent news indicates NCCI, the National Council on Compensation Insurance an advisory organization, has recommended a 13% roll back in rates for Vermont employers. When asked why the improvement, reduced claims are cited as the reason. There you go. Less claims dollars paid usually equates to lower rates. Of course the suggestion by NCCI to roll back rates 13% must be approved by Vermont authorities before put into action. Oh yea, that 13% roll back is also the suggested average rate roll back. In truth not all class codes will experience a reduction, some classes may see increases while others may see reductions...keep in mind this will be an average reduction.

Way to go Vermont employers! Doing everything you can to keep workers compensation costs in check!

Thanks