Comp rates set to decrease in Kansas

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.