• Commissioner of Insurance Approves General Revision of MA Workers Compensation Rates

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    April 17, 2018
    Effective 7/1/18, the Commissioner of Insurance has approved a general revision of MA Workers Compensation rates, applicable to all new and renewal policies and experience rating calculations effective on or after 7/1/18.  The attached WCRIB MA Circular Letter and Manual Rates provide underling details of this approval and the resulting changes to manual rates, rating values and programs.
     
    In addition to the promulgated rate changes, factors & components of the experience rating formula have also been revised.  These rates & experience rating changes will influence the actual final cost of the contractors WC insurance.  
     
    If you have any further questions, go to the WCRIB of MA website at https://www.wcribma.org/mass
     

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