WA state proposes increases to workers' compensation insurance rates [Yakima Herald-Republic, Wash.]
Oct. 5—The Washington Department of Labor & Industries proposed an 4.8% increase in workers' compensation insurance payments in 2023.
All employers in
If approved, insurance will increase by an average of 4.8% across all occupations and industries in
L&I said the increase is due to inflation and increasing medical costs.
The 4.8% increase in insurance is an average across all industries in
Agricultural businesses will, on average, see a 6% increase in insurance rates. Each worker will pay
This is the first time in three years L&I has instituted a larger increase in workers' compensation insurance rates, according to a press release. During the pandemic, L&I sought to minimize rate increases by using a contingency fund. That has continued this year, though to a lesser degree.
In 2022, workers' compensation insurance rates increased by 3.1% on average. In
Virtual public hearings on the proposed change are planned at
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