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FRIDAY, APRIL 08, 2011

Worker's Comp Rates May Be Going Up

Worker's Compensation rates may be headed upwards as more insurance companies are starting to loose money on this line of business.  I have talked with several company representatives lately who indicate that worker's compensation rates may rise on renewal.  Increased medical costs attribute to a lot of the cost.  Businesses who have good worker's compensation loss ratio's will be less effected than those with a lot of losses.  A good safety program is a must.  The guy in our photo is not one of the preferred risk types that insurance companies look for.

Posted 3:54 PM  View Comments

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Bolander & Ianni Insurance
9181 E Washington Street Indianapolis, IN 46229
Phone: (317) 897-7561