Deal Will Keep Mass. Workers Compensation Rates Flat
Rates paid by businesses for workers compensation insurance in Massachusetts will not be going up in the next year and a half.
Attorney General Martha Coakley said on Tuesday that an agreement has been reached with insurers that will keep the rates level through at least September 2012.
Coakley says insurers had been seeking an average 6.6 percent hike in workers compensation rates, an increase that would have cost Massachusetts employers about $65 million.
Businesses are required to purchase workers compensation insurance to cover any employees who are injured on the job.
This program aired on March 1, 2011. The audio for this program is not available.