Washington workers' compensation rates expected to increase in 2020.

According to the Insurance Journal, workers’ compensation rates in the state of Washington are rising by 2% this year. The state currently ranks in the top 20 for the highest workers’ comp rates in the country. A recent study indicated that Washington rates are approximately 108% of the median insurance rates based on a composite study of selected classification codes.

Please refer to the Washington Department of Labor and Industries for class codes and rate information since WA operates as a monopolistic state fund.  If you are a Washington based business employing people outside the state of WA, we can help your business obtain workers’ compensation coverage for employees and jobs in all other states outside of Washington.

Washington Workers' Compensation Rates

What influences my workers comp insurance cost?

Your State & Class Codes

Insurance companies file their “base manual rates” for approval with each state for all class codes. Rate recommendations are generally made to the state and carriers annually by the National Council on Compensation Insurance.

Your Claims or Losses

Employee claims are reported to NCCI and statistically compared with all other similar type businesses using the same class code in each state. An Experience Modification Rate may apply to your business after a few years of coverage.

Prior Experience & Coverage

IInsurance company underwriters are permitted to make premium rate adjustments based on unique factors about your business, safety practices, and management experience in most states.

Policy Credits and Debits

Insurance companies may apply policy credits and debits to the base manual rates. Additional discounts can be applied to premium as the total payroll & premium increases.

Washington Rates for Select Work Comp Class Codes

As of 2020 Washington is one of four monopolistic states left in the United States. NCCI state rules and manuals do not apply in Washington. This means that all rates are set by the state and that private insurance companies are not permitted to compete in the state. We often help Washington employers find workers compensation coverage in other states when they hire out of state employee to perform work in other states.

Class Code & Description

Low Rate

High Rate

Workers compensation rates are regulated by the Washington Department of Labor and Industries and they act as the exclusive State Fund insurance carrier. Employers doing business with one or more employee are required to carry workers compensation coverage in Washington. We are a national insurance firm specializing in workers compensation and general liability insurance.