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Thursday, January 10, 2013

Delaware Increases Workers’ Comp Rates

Delaware business owners must pay more to insure employees for on-the-job injuries. Employers are required to carry workers’ compensation insurance to safeguard workers who are killed, injured or become ill as a result of their duties. Higher risk occupations mean higher premiums for business owners.

Delaware premiums for regular voluntary market customers will go up 14.6 percent, and rates for clients in the residual market will increase by 19 percent.

Delaware Insurance Commissioner Karen Weldin Stewart approved an increase in premiums for workers' compensation insurance Jan. 4; the new amounts are retroactive to Dec. 1, 2012.

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4 comments:

Anonymous said...

I thought Delaware was business friendly?

Anonymous said...

No 6:06. I know of 2 people who it took months of red tape to get their businesses open in DE.
I just read DE has a 58 million defict so they are nickel and diming business owners to death.

Anonymous said...

Since the liberals took over Delaware their in a contest with Maryland to be the most unfriendly business state.

Anonymous said...

hear my lips, " no increase in taxes"...