Workers’ Comp Board Announces Assessment Rates

Situation Report | November 2, 2020

Late last week, the Workers’ Compensation Board announced that it established an assessment rate for all employers by November 1 of each year. The assessment rate will then be effective January 1 of the subsequent following year. According the Workers’ Compensation Board, the rate for calendar year 2021 will be 11.8 percent of the standard premium or premium equivalent.