Even in these tough economic times, there is good news to be found in some places. For Vermont employers, their operating budgets will soon be benefiting from a decrease in workers’ compensation premium rates. New rates approved by the state’s Department of Banking, Insurance, Securities and Health Care Administration (BISHCA) that go into effect on April 1 will reflect the largest average rate decrease in the state since 1997.

Rates in the voluntary market will decrease by an average of 13 percent. Rates in the assigned risk market — the market of last resort for employers unable to obtain coverage in the voluntary market — will decrease by an average of 9.6 percent.

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