Workers Comp

Comp rates set to decrease in Kansas

Joyce Famakinwa

October 17, 2017 Reprints

Workers Comp Pricing More + Less -

Kansas Commissioner of Insurance Ken Selzer said Monday that workers compensation rates will drop next year.

The 2018 rate filing for the workers comp shows a decrease of 7.6% in the voluntary base rate and a decrease of 5.8% for assigned risk workers comp rates, according to a Kansas Insurance Department statement.

“It’s important to remember that the decreases are only an average,” Commissioner Selzer said in the statement. “That means that an individual employer may see a larger decrease, no change in their rates, or an increase, depending on the employer’s own industry, claims experience and payroll. But, as I said, many of our state’s businesses will see a positive outcome because of the decrease. It’s a win-win for both businesses and potential employees,” he said.