Workers’ Compensation Attorney Group Supports Governor Tom Wolf’s Announcement that Employers Would Experience 6.2% Reduction in Compensation Rates

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The Pennsylvania State Insurance Department has approved a reduction in the annual workers' compensation insurance premium rate. Governor Wolf stated it will save employers over $150 million. Governor Wolf also promised this reduction would not affect quality of benefits for injured workers.

While many states are dealing with sky rocketing workers’ compensation premiums, this is not the case in Pennsylvania. Effective April 1st 2017 employers can expect to pay approximately 6.2% less in workers’ compensation insurance premiums.

The 6.2% decrease is an average savings overall. Some industries may not see much of a decrease in premiums at all, while other industries enjoy a considerable decrease. Companies in PA are estimated to save over $150 million this year in insurance premiums.

Gov. Wolf was quoted as saying “This significant rate cut comes on top of reductions during my administration’s first two years, which improved our state’s standing across the nation for this cost of doing business,” Governor Tom Wolf said in a statement. “[This] reduction will further help business owners create jobs that pay in Pennsylvania and at the same time, maintain fair benefits for workers injured on the job, something that is vital for families’ financial well-being and peace of mind.”

This most recent cut in workers’ compensation insurance premiums falls on the heels of consecutive cuts in the past 5 years. Cumulatively employers in PA have saved over $720 million over the past 5 years due to these cuts.

“Certified workplace safety committees help employers and workers keep safety top-of-mind at all times,” Secretary Manderino said in a statement. “And those companies with a committee receive a five percent discount on their workers’ comp insurance premiums.”

Manderino also stated that more than 11,220 state-certified workplace safety committees have been established since March 1994, providing safer workplace for more than 1,463,000 workers. He went on to say that, employers with certified workplace safety committees also saved nearly $604.2 million in workers’ compensation premiums due to the improved workplace safety measures.

Ray Gross, organizer of the Workers’ Compensation Attorney Group said “we operate in other states across the country and to see what a terrific job the Governor and his staff are doing to lower rates, while ensuring injured workers still receive top notch medical care is to be lauded” Gross went on to say, “injured workers in Pennsylvania are among the luckiest in the United States, States like California are cutting injured worker’s benefits and quality of care, even in light of increased insurance premiums for many employers.”

The Workers’ Compensation Attorney Group, which is comprised of several workers’ compensation attorney across the United States offers free initial consultations to the public and has a no win, no fee guarantee, which means if they do not win the client’s case, the client pays nothing.

Contact Info:
Name: Ray Gross
Email: Send Email
Organization: Philadelphia Work Injury Attorney Group
Address: 1701 Walnut Street 7th Floor, Suite 125
Phone: 215-494-7131
Website: http://www.workerscompensationlawyer-philadelphia.com/

Release ID: 199436

CONTACT ISSUER
Name: Ray Gross
Email: Send Email
Organization: Philadelphia Work Injury Attorney Group
Address: 1701 Walnut Street 7th Floor, Suite 125
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