Maine employers to see lower workers' comp rates

An emphasis on workplace safety is paying off in the form of lower workers' comp rates for Maine employers.

By Rosalie L. Donlon | Updated on February 26, 2018

On Feb. 20, Maine Insurance Superintendent Eric Cioppa announced approval of the National Council on Compensation Insurance, Inc.’s (NCCI) 2018 loss costs for Maine, filed earlier this year. The rate request proposed an average loss cost decrease of 12%. Thanks to Cioppa’s approval, the new NCCI loss costs are effective April 1, 2018, for new and renewing policies.

“Maine employers’ efforts to improve workplace safety, return injured workers to their jobs in a timely manner, and control medical costs continue to pay off,” Cioppa said in a statement. “This most recent decrease should result in lower workers’ compensation premiums on average across all industry groups.”

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