Delaware Workers' Compensation Rates for 2017
No Change in Delaware Workers’ Compensation Rates for 2017 As part of our ongoing effort to keep you informed of insurance industry changes and how those changes may affect you and your business, we are able to announce that workers’ compensation rates in the state of Delaware will not increase in 2017. The Department of Insurance and the Delaware Compensation Rating Bureau (DCRB) annually review insurance rates and original filings initially proposed average increases in residual market rates as well as voluntary market loss costs across the board for the upcoming year. However, after consideration, Delaware Insurance Commissioner, Karen Weldin Stewart, announced...
Workers’ Compensation Protection
Workers' Compensation - Is Your Protection Package Adequate? Is your business headquartered in one state, but occasionally conducts business operations in other neighboring states? Operating a business in the Delaware Valley inevitably leads to employees working, living, or traveling in Pennsylvania, New Jersey, and Delaware. One of many unique risks confronting businesses is how workers’ compensation coverage corresponds to multi-jurisdictional law in our region. Let’s start with a common example: ABC Company, solely located in Pennsylvania, occasionally does work in New Jersey. One day, ABC Company has an employee who suffers a serious workplace injury in New Jersey. The maximum amount of workers’...