Employers in Washington will wait until November to hear about the rates they’ll be paying for workers’ compensation in 2011.
The state Department of Labor & Industries announced today that it will propose next year’s rates after the results of the fall election – and the outcome of Initiative 1082 – are known.
The initiative would allow private insurance carriers to write workers’ compensation insurance in Washington.
If passed, one feature of of the initiative would change the state workers’ compensation system for determining premium rates, the department said in a release.
The current system calculates rates based on hours worked. If the initiative passes, according to the release, employers would pay premiums based on a rate for every $100 of payroll they pay workers.
L&I Director Judy Schurke said today that until the election results are available, L&I will not know which method to use to accurately calculate rates for 2011. “To be most fair to businesses, our rates proposal needs to be based on the decision that voters make on November 2,” she said.
Rates for the upcoming year have typically been proposed in September.