Premiums for workers compensation to decrease again in 2014

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Get Help From our Michigan Workers’ Comp Lawyers Today
You’re not alone. Our Michigan workers’ comp lawyers have been called the best in the state, and we pride ourselves on providing you with care, trust, and responsiveness.

Michigan workers compensation lawyer discusses the pure premium advisory rate and what this decline means for individuals hurt on-the-job.

LARA Director Steve Arwood has announced the pure premium advisory rate for workers compensation insurance will drop by an average of 8.3% in 2014. Rates have declined three years in a row for a total of over 21%.

“This sizeable decrease in workers’ compensation rates gives Michigan a real competitive edge over neighboring states in attracting and retaining businesses,” said Arwood. “Workers’ comp premiums are overhead costs. These savings can free up additional capital for companies to hire new employees and open additional facilities, or give them one more reason to move to Michigan.”

Agency Director Kevin Elsenheimer says 2011 legislative reforms have played a role in containing costs for employers. “We will continue to examine every aspect of our regulatory program to ensure our system supports growth for our business customers.”

2011 legislative changes

Insurance companies are now allowed to cut-off benefits simply because a person could find a new job somewhere else. It does not matter whether actual wages are being paid.

The burden is on the “partially disabled” individual to file a case and show entitlement to full wage loss benefits. This process can take months or even years!

This also removes the main incentive employers had to bring employees back to work with restrictions.

Race to the bottom

Special interest groups have been using the same tired argument about protecting job creators for years. Don’t believe the hype!

Workers compensation is supposed to be a compromise of employer and employee interests. Benefits have now been cut to the point that the system is no longer reasonable or fair.

We would also love to hear from any employers who have actually seen their insurance premiums drop 20% over the last 3 years.

To speak with one of our workers compensation lawyers in Michigan, call (855) 221-2667 for a free consultation. There is never a fee unless additional benefits are recovered or a settlement is paid.

Alex Berman is the founder of Michigan Workers Comp Lawyers. He’s been representing injured and disabled workers exclusively for more than 35 years.  Alex has helped countless people obtain workers compensation benefits and never charges a fee to evaluate a case.

Related information:

Update: House Bill 5002 (workers compensation reform)

11/01/2013

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Author Bio Jeffrey Kaufman

Author
Jeffrey E. Kaufman
Michigan Workers Comp Attorney

Jeffrey E. Kaufman has extensive experience in workers compensation cases and has recovered millions of dollars in benefits for his clients. He believes all injured workers deserve to be on equal footing with insurance companies and employers, and fights tenaciously so their rights are secured and protected.


“Jeff also helped me with getting my Blue Cross bills paid. I would absolutely recommend him and the whole firm. Jeff and the firm did everything they were supposed to do for me and my case.”
Ricardo Perfetto

Hundreds of 5-Star Reviews

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Get Help From our Michigan Workers’ Comp Lawyers Today

You’re not alone. Our Michigan workers’ comp lawyers have been called the best in the state, and our clients love how they’re treated with care, respect, and responsiveness. We will give you the time you need, we will explain your legal rights, and we will always treat you with respect.

Our workers’ compensation and Social Security disability lawyers always put your needs first. Get to know your legal team.

Our attorneys post regularly about common issues related to workers’ comp, including common injuries, settlement calculations, laws, and more.

Injured? It’s Time to Get Some Answers

Don’t let the insurance adjuster push you around. Request your free consultation today.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Our attorneys post regularly about common issues related to workers’ comp, including common injuries, settlement calculations, laws, and more.

Our workers’ compensation and Social Security disability lawyers always put your needs first. Get to know your legal team.