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Salem, OR (WorkersCompensation.com) – The new Oregon Workers’ Compensation Premium Rate Ranking report was released this week, which is published every two years. Per the most recent stats, the Oregon Department of Consumer and Business Services (DCBS) found that New York has surpassed California as the state having the highest workers’ compensation rates, while West Virginia, Arkansas, Indiana and North Dakota continue to have the lowest.
The report, released on Wednesday, looks at workers’ compensation rates for 50 different industries in each state and compares the rates to provide an average ranking, said study author Chris Day in an email interview with WorkersCompensation.com.
For 2018, the report said, the media rate across the country is $1.70 per every $100 of payroll, a decrease of 7.6 percent since the last study in 2016. The stat marks the largest decrease since 2012.
For the state of Oregon, the decrease in rates dropped the state from 45th lowest in the country to 46th. Oregon recently announced that the state’s workers’ compensation rates would decrease an additional 9.7 percent in 2019.
“Oregon continues to demonstrate that it’s possible to maintain low employer costs while providing strong support to workers,” Oregon Governor Kate Brown said in a statement. “We must remain committed to working together to balance employer rates and workers benefits, and to help injured workers heal and return to work quickly.”
Using classification codes from the National Council on Compensation Insurance, rates’ assessed to the industries in each state were measured in comparison to those in Oregon. To control for differences in industry distributions, each state’s rates were weighted by 2012-2014 Oregon payroll to get an average manual rate for that state.
Oregon officials attributed the decline in rates to efforts statewide to reduce on-the-job injuries through “workplace safety and health rules, and advising employees about how to improve workers’ safety and health.”
“Oregon employers and employees understand the importance of keeping workplaces safe,” said Cameron Smith, DCBS director. “That commitment continues to be a major factor in keeping costs down.”
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About The Author
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Liz Carey
Liz Carey has worked as a writer, reporter and editor for nearly 25 years. First, as an investigative reporter for Gannett and later as the Vice President of a local Chamber of Commerce, Carey has covered everything from local government to the statehouse to the aerospace industry. Her work as a reporter, as well as her work in the community, have led her to become an advocate for the working poor, as well as the small business owner.
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