In May 2021, the rates employers paid for workers’ compensation insurance coverage went down 4 percent.
Over a five-year period, workers’ compensation insurance rates dropped 25 percent, according the Louisiana Department of Insurance.
The reasons for the drops include more workers’ comp insurance companies offering policies in Louisiana and reduced numbers of injuries on the job, said Jim Donelon, Louisiana Insurance Commissioner, in a message from the Department.
“I’m happy to announce the continued reduction in rates for the workers’ compensation market in Louisiana,” he said.
“For years we’ve seen these rates come down due to competition in the market, improved workplace safety and better risk management practices. In a time where many small businesses are struggling, I’m glad that workers’ compensation insurance can be a line in their budgets that is decreasing.”
The market is getting easier for them, not harder.
If you are running into problems with your claim—or if you just want to make the process easier for you—talk to us for a free initial consultation.Get My Free Evaluation!
We see many tactics from employers and insurance companies who don’t want to grant you the workers’ compensation benefits you’re entitled to—even when their costs are down.
But you have a great way to protect your workers’ comp rights in Louisiana: Work with an attorney from Workers’ Compensation, LLC.
Our workers’ comp lawyers have over 130 years of combined experience pushing back on insurance company tactics to win benefits for everyday people.
The numbers from the State of Louisiana prove it: Securing workers’ comp benefits should be getting easier, not harder.
After a trauma on the job, let’s get you the financial support you need to start the next chapter of your life.Call Us Today! »
“Before I got injured at work I didn’t know that lawyers like this even existed. Workers’ Compensation, LLC, saw my suffering and jumped into action immediately.”
“My company’s insurance didn’t want to fork over the cash after I got hurt at a satellite work site . . . . A big thanks to Workers’ Compensation, LLC, for getting my case taken care of quickly and to my benefit.”