In recent years, the agency said, it has made small reductions but avoided larger cuts in rates, in order to build up reserves to the fund that pays workers' compensation claims in the state for companies that don't self-insure. Last year, there was a 0.8% decrease in the average amount employers paid for the coverage. L&I cut rates by 5% in 2019 and 2.5% in 2018, according to L&I.
While there won't be an overall rate change for 2021, individual employers may see their rates go up or down, depending on their recent claims history and changes in the frequency and cost of claims in their industry risk classes, the agency said.
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