The waterfront with ferry’s docked in Portland. – Employer cost for workers’ compensation, 2020: $1.34 per $100 of covered wages – Employer cost for workers’ compensation, 2020: $0.94 per $100 of covered wagesĪn aerial view of New Orleans from across the Mississippi River. GeorgiaĪ view of Atlanta’s skyline from Lake Meer in Piedmont Park.
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– Employer cost for workers’ compensation, 2020: $0.41 per $100 of covered wagesĮSB Professional // Shutterstock #42. The Washington Monument and Reflecting Pool at dawn. – Employer cost for workers’ compensation, 2020: $0.97 per $100 of covered wages Rhode Islandīuilding, boats, and docks at old harbor in Newport, Rhode Island. – Employer cost for workers’ compensation, 2020: $0.65 per $100 of covered wages The historic street clock in Wellesley, Massachusetts. – Employer cost for workers’ compensation, 2020: $1.11 per $100 of covered wages – Employer cost for workers’ compensation, 2020: $1.47 per $100 of covered wagesĭowntown Jackson, Mississippi, at sunset. – Employer cost for workers’ compensation, 2020: $1.55 per $100 of covered wagesīoise, Idaho, as viewed from afar, with trees in the foreground. – Employer cost for workers’ compensation, 2020: $1.10 per $100 of covered wagesĪ scenic river view and waterfront houses, in North Myrtle Beach in South Carolina. Paul Brady Photography // Shutterstock #49. – Employer cost for workers’ compensation, 2020: $0.92 per $100 of covered wages Nevada’s standardized employer costs decreased the least during that period, by 5.8%, while North Dakota’s decreased the most, at 31.3%. Employer costs did not rise in any states between that period-Hawaii is the only state where costs remained the same. The amount they contributed declined by 20.7% overall, but figures varied widely from state to state between 2016 through 2020, according to the study. Nationally, the vast majority of workers’ compensation premiums are paid by employers. Employer costs are reported per $100 of covered wages. To better understand how worker’s compensation insurance costs have changed, Simply Business used a 2022 data release from the nonprofit National Academy of Social Insurance to rank the states where employer costs for workers’ compensation insurance decreased the most from 2016 to 2020. From 2016 to 2020, the total amount spent by employers on workers’ compensation insurance fell from $100.2 billion to $93 billion per year.
Most states-but not all-require employers to provide workers’ compensation benefits to employees.Ĭosts for workers’ compensation insurance are declining nationwide. These programs may also cover long-term medical conditions resulting from work-related exposure to harmful substances such as asbestos and pesticides. When workers are injured on the job, workers’ compensation programs help pay for medical care, lost wages, and even death benefits.
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