DOVER — A proposed 40 percent increase in workman’s compensation rates has raised a backlash from the Delaware business community. Delaware Department of Insurance has scheduled a series of public information sessions to inform and educate residents about the proposed change.
The Insurance Department will hold one public information session in each of Delaware’s three counties. An October public information session was rescheduled because of Hurricane Sandy, and it will now be held at 7 p.m., Tuesday, Nov. 13, at Delaware Technical and Community College in Georgetown.
A public hearing will be held Tuesday, Nov. 20. If the rate increase were approved, it would go into effect Saturday, Dec. 1.
Thats not bad. In Maryland ours went up 400%.
ReplyDeleteHere comes the Obamacare mandates! But, of course, your MEDICAL insurance rates won't rise...BULL$HIT!
ReplyDelete9:46 unless you're an employer, you do not pay a dime for WC coverage. Your rates would only go up if you had poor claims history. In fact, as the market is hardening the rates are going down and insureres try to be more competitive.
ReplyDelete11:31 health insurance has nothing to do with WC coverage.
12:17, first of all I am an employer, and secondly I have been injured on the job as an employee, and had to fill out an injury report to Worker's Comp so they would pay the doctor instead of my regular health insurance having to do so. So, it is MEDICAL insurance, as I stated, and the rates I pay as an employer go up and down as my on the job injury rate does.
ReplyDeleteSo, basically, you can stuff it.