L&I Will Calculate Your 2023 Rates Soon!

Every year on June 1, the Department of Labor and Industries (L&I) takes a snapshot of your workers’ compensation claim expenses to establish your unique rates for the following year. This June, L&I will be looking at your company’s claims and hours reported during the period of July 1, 2018, through June 30, 2021, to establish your 2023 experience modification factor (EMF) and workers’ comp rates. 

The good news is, it’s not too late to lower your rates for 2023 and beyond. The two most important things you can do are:

  • Make sure you return any injured employee back to physically appropriate work as soon as possible. Time-loss benefits add avoidable expense to your claims and will keep claims from closing. Not sure if you have work available? Contact ERNwest, we are here to help.
  • Help close as many claims as possible. Claims that are open when L&I is calculating your rates impose additional estimated costs for future expenses. Closed claims do not.

Now is a great time to think outside the box and make a push to reduce your overall claims costs. Work with your ERNwest claims manager for strategies to return injured employees to work, reduce costs, close claims, and start reducing your L&I rates.

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