Vermont workers’ comp. rates likely to go down

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Officials say Vermont businesses should be paying less for workers’ compensation insurance.

The National Council on Compensation Insurance is recommending a 13 percent drop in rates in Vermont.

If state regulators follow the recommendation, rates overall for the largest piece of workers’ compensation will drop again. Last year rates dropped 4 percent.

Vermont Department of Labor Commissioner Patricia Moulton Powden calls it extraordinarily good news.

The savings could be significant for Vermont employers who spend almost $200 million a year on workers’ compensation premiums.

Officials say the reason for the drops is simple: There have been fewer claims.


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