North Carolina Workers’ Compensation Premium Rates for 2010 – Right in the Middle
According to an independent assessment of North Carolina workers’ compensation premium rates (and rates for other states), NC found itself almost exactly at the median once again. In 2008, North Carolina workers’ compensation rates averaged 22nd in the nation. In 2010, NC averaged 23rd – tied with Michigan – with an index rate of $2.12 per $100 of payroll. This year, Montana, Alaska, and Illinois topped the list. Montana employers had to pay $3.33 for every $100 of payroll – a surprisingly high rate for a state that has such a “business friendly” reputation. Alaska and Illinois also topped the $3 mark – Alaska had a $3.10 index rate and Illinois had a $3.05 index rate.
So what were the “best states” for workers’ comp premiums? The three best states were Arkansas, Indiana, and North Dakota, which all had index rates of lower than $1.20 per $100 of payroll. Arkansas employers paid just $1.18; Indiana employers paid $1.16; and North Dakota employers paid a rock bottom of $1.02 per every $100 of payroll.
To give you some perspective… North Dakotan business owners paid less than a third as much as Montana businesses paid in workers’ comp premiums.
North Carolina workers’ compensation statistics can help policy analysts develop effective blueprints to improve the system’s overall conditions. But if you are a struggling, injured worker, how might these numbers be relevant to you?
Truth be told, hurt workers don’t care about statewide trends, rate changes, or any other policy minutiae. They simply want full benefits, less hassle in getting them, and a crystal clear blueprint for how to compel parties that don’t want to pay but should (e.g. uncooperative employers or insurance companies) to make good on their obligations.
If you or somebody you care about has been struggling to make the North Carolina workers’ compensation system work for you, it may behoove you to get in touch today with a credentialed and proven North Carolina workers’ compensation law firm to unpack options, review your strategy, clear up any bureaucratic/logistical obstacles in your way, and reduce the amount of stress that your claim is causing you and your family.
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Montana workers comp premiums going sky-high
