Massachusetts Academy of Trial Attorneys
AVVO Rating 10.0 - Top Attorney
Massachusetts Bar Association
Boston Bar Association
Avvo Clients' Choice Award 2018

Massachusetts Regulators Turn Down Proposed Hike in Workers’ Compensation Rates

The Massachusetts Division of Insurance has rejected a proposal to raise the cost of workers’ compensation coverage by 18.8 percent. Had the rate change taken place, it would have cost Massachusetts businesses an estimated $175 million.

By law, Massachusetts businesses are required to carry workers’ compensation insurance to cover medical treatment and wage replacement for employees injured in the workplace. At least every other year, the rates are reviewed in an administrative hearing before the Commissioner of Insurance. The Massachusetts Workers’ Compensation Rating and Inspection Bureau was behind the proposed rate increase.

Attorney General Martha Coakley vigorously opposed the increase. “The industry’s request to raise rates could not have come at a worse time for small businesses in Massachusetts,” she said in a statement released by her office. “We believed the proposed rate hike was completely unjustified, and we litigated to stop it. Blocking the rate increase helps ensure that companies do not overpay for workers compensation insurance, reducing the cost of doing business here in Massachusetts. We applaud the Division of Insurance for this decision today.”

Regulators spent months looking into the proposed increase and analyzing data. In the end, they found no justification for the increase, which is a welcome relief for Massachusetts employers. The Attorney General’s Office demonstrated that the increase was based on unreasonable projections, inflated net loss trends and a profit provisions that underestimated the amount of money that the insurers would make off of premiums.

Small businesses in particular are glad to hear that their rates will not go up. Because workers’ compensation insurance is a mandatory expense, a rate hike in premiums could seriously impact profit margins for already struggling small businesses.

Massachusetts Workers’ Compensation Attorneys Can Help

If you have been injured on the job in Massachusetts, you may be entitled to workers’ compensation to cover the costs of your medical care and lost wages. The Massachusetts workplace injury lawyers at Kantrovitz& Associates, P.C., are here to help you get worker’s compensation.

Contact us to learn about your legal options regarding a work-related injury. We can be reached by calling 800-367-0871 or by using our online contact form.

Client Reviews
★★★★★
Steve is very knowledgeable and is able to answer any questions you might have, explaining it in language you can understand. He is very empathetic and listens to you. Mary
★★★★★
I just wanted to thank Steve for all he did for me. He stayed in touch, he was VERY prepared, he explained every step to me clearly, and he made me feel comfortable. He is a really down to earth guy, who CARES about the people he represents. I can’t say recommend him enough. Please feel free to use this as a testimonial. Joanne M
★★★★★
Steve, I just wanted to thank you again for all your hard work and effort on my behalf. You really made a stressful situation bearable and I never felt like you weren’t right on top of things, which I very much appreciate. You are a good man my friend and for that I thank you. Bobby