Workers compensation is a major expense for most companies.

Kathy Manderino, acting secretary of the Pennsylvania Department of Labor & Industry (DLI) announced on March 27 that state businesses will see a significant cut in workers’ compensation insurance rates while benefit levels for injured workers will be maintained. Workers’ comp insurance rates will drop 5.99%, effective April 1, reducing a key expense for many companies and saving Pennsylvania businesses an estimated $140 million this year.

“A constant concern for business owners is reducing costs while supporting employees’ health and livelihood,” said Gov. Tom Wolf. “These rate reductions will go a long way toward ensuring [that] business owners can continue to create and support jobs that pay in Pennsylvania.”

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