Workers Comp Rates
Workers compensation rates across New England are scheduled to change. Maine will see the biggest decrease. Maine employers will see an average drop of 7 percent. The positive change will be felt most by small businesses. This is good news as many are struggling in the poor economic climate.
New Hampshire's rates will drop by less than one percent while other states will see an increase in rates.
Why will Maine's rates be dropped significantly while others remain the same or increase? The proposal, which still needs to be approved by the Bureau of Insurance, reflects the drop in accident claims in the state.
This drop has been attributed to many factors. One is the fact that less people are employed due to the weak economy. With less new workers on the job fewer accidents have been occurring. In addition, Gov. John Baldacci sites the Maine Employers Mutual Insurance Co. for its aggressive safety programs.
Some common sense advice on the subject came from Peter Gore, vice president of the Maine State Chamber of Commerce.
"The best way employers can lower their workers' comp costs is to make sure they do not have an accident in the workplace."
If you have been injured while at work you have the right to be compensated for your injuries. From a slip and fall injury to an industrial accident Van Dorn & Curtiss are prepared to fight for you. Contact our attorneys today for your free consultation.