L&I Proposes Keeping Workers’ Compensation Rates Steady for 2021
Rate changes directly impact how much employers pay for their workers’ compensation premiums. L&I has proposed an overall rate change of 0% in 2021.
“Our 2021 rate proposal recognizes the toll the pandemic is taking on employers and workers in our state,” L&I Director Joel Sacks said. “Although our projected workers’ compensation costs are going up, we’re keeping premiums the same by taking advantage of the reserves we’ve built over the years by improving services and reducing disability.”
EMF and Risk Class Affect Your Workers’ Compensation Rates
Keep in mind some industries may see a slight increase or decrease based on their particular risk class. For example, the following are some proposed rate changes:
- 0510 Wood Frame Building Construction and Alterations – 5% Decrease
- 0516 Building Repair, Remodeling and Carpentry – 2% Decrease
- 0306 Plumbing – 2% Decrease
- 0513 Interior Finish Carpentry – 7% Decrease
- 0601 Electrical Wiring: Buildings and Structures – 2% Increase
- 6402 Supermarkets – 3% Decrease
- 6403 Convenience Grocery Stores – No Change
- 1101 Delivery Services – 2% Increase
- 2102 Warehouses, NOC, Grocery Distribution and Recycle Centers – 20% Decrease
- 3702 Breweries, Wineries and Beverage Bottling – 6% Decrease
- 6509 Assisted Living, Adult Family Homes, Retirement Centers – 4% Decrease
- 6108 Nursing and Convalescent Homes – 6% Decrease
To see a full list of proposed rates please download the L&I Proposed 2021 Rates PDF.
Attend an L&I Public Hearing on the Proposed Rates
The next step in this process is public hearings, scheduled on Oct. 27 and 29, and will be held virtually this year. If you are interested in joining a public hearing, you can sign up by going to the L&I website. Final rates will be adopted by Nov. 30 and go into effect Jan. 1, 2021.
Find Out What Your Company’s Rates Will Be
If you would like to find out what your unique projected 2021 experience modification factor (EMF), premium rates are and understand how you can reduce your rates in the future, please contact us.