Texas has some of the nation’s most affordable workers’ compensation coverage, according to a 2016 study, which found that the Lone Star State had the 10th lowest rates among all states.
The study by the Oregon Department of Consumer and Business Services ranks all 50 states and Washington, D.C., based on premium rates that were in effect January 1, 2016. Texas, with premiums at $1.45 per $100 of payroll, ranked No. 10, four spots higher than the previous study in 2014.
“It’s great to see evidence of the progress we’ve made in affordability,” said Texas Commissioner of Workers’ Compensation Ryan Brannan. “Lower injury rates, better return-to-work outcomes for injured employees, and reduced medical costs per claim are a big factor, but the results of the Oregon study are also proof that we’re becoming more efficient, proactive, and transparent.”
Workers’ Comp rates in Texas are among the lowest in the nation due to lower injury rates, better return-to-work outcomes & reduced medical costs. According to a study published in 2016, worker’s compensation coverage in Texas is the most affordable, allowing for injured workers to benefit more from the program. For more information, please feel free to ask Dr. Jimenez or contact us at (915) 850-0900.