Workers’ Compensation Costs to Drop in Arkansas

Arkansas businesses will see a decrease in workers’ compensation insurance costs beginning in July.

Arkansas Insurance Commissioner Allen Kerr today has approved a decrease in workers’ compensation cost of 15.4 percent in overall loss in the voluntary market and a 14.9 percent rate decrease in overall average assigned risk, effective July 1.

Some companies may experience increases or decreases in excess of the industry average. The new costs reflect only industry averages and will have varying impacts on workers’ comp rates when individual risk factors are applied for each business.

Source: Arkansas Insurance Department