The 2011 reforms to Michigan’s workers’ compensation system continues to pay dividends for employers. Last week, the Michigan Workers’ Compensation Agency announced that the pure premium advisory rate for work comp insurance will decrease by 9.3 percent for 2018.
Michigan’s pure premium rate fell 39 percent between 2011 and 2017, beating all other midwestern states and making Michigan a top five state. While Michigan’s rate plummeted, the national average increased by 4.9 percent. This is good news for employers purchasing workers’ compensation coverage and for Michigan's overall competitiveness.
In 2011, the Chamber led the charge on legislation to reform the state’s workers’ compensation system. An overarching goal of the legislative effort was to continue to protect workers injured on the job but to return them back to employment as soon as possible. For more information on the reforms, visit the Chamber’s Issue Center.