MA Workers’ Compensation Rates May Increase
According to reports, workers’ compensation rates in Massachusetts may significantly increase in September, if the state approves a proposed increase. The Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIBMA)—a non-profit organization licensed by the MA Division of Insurance that represents companies that write workers’ comp policies— asked the state to approve a 19.3% increase. This increase would raise the cost of employee compensation insurance for MA employers, which they are required to provide under M.G.L. Chapter 152, Section 25A.
We will keep you updated on this and other workers’ compensation developments in Massachusetts. If you have been injured on the job and believe you may be eligible for workers’ compensation benefits, contact a seasoned MA workers’ compensation lawyer.
Workers’ comp rates could go up, Boston.com, March 2, 2012