Idaho employers get a worker’s comp insurance break

There is good news for businesses paying into Idaho’s worker’s compensation insurance fund. Effective January 1, 2019, the Idaho Department of Insurance has approved a proposal for a minus (-) 4.2 percent overall rate change, recommended by the National Council on Compensation Insurance.

“We are pleased to announce this reduction, a move which will benefit Idaho businesses, their employees and the economy in general,” said Director Dean Cameron. “The change in the 2019 workers’ compensation rates reflects an improvement in our state rating factors, including a slight decline in both the frequency of claims for lost work time, and the average cost of those claims.”

The state system covers workers’ medical costs associated with workplace injuries. It also provides wage replacement benefits to injured workers for lost work time.

The National Council collects information about Idaho’s workers’ compensation system and submits proposed rates to the Department of Insurance for review and approval.