New Assessment Rate for Workers’ Compensation Insurers
June 21, 2011
The RI Department of Labor and Training has proposed an assessment rate for Workers’ Compensation insurers of 6.75 percent for the coming year, effective July 15, 2011.
This rate has remained level every year since 2008. Director Charles J. Fogarty explains, “By keeping the assessment rate level for 2011, the department has acted on Governor Chafee’s advice to minimize any additional governmental costs to area businesses.”
Each year, the Workers’ Compensation assessment rate is recalculated, based upon the projected costs to fulfill the responsibilities of RIGL 28-37-1(b) pursuant to RIGL 28-37-13(c). These responsibilities include the funding of the Workers’ Compensation Court, the Workers’ Compensation Fraud Unit, the Workers’ Compensation Education Unit, the Workers’ Compensation Advisory Council, the Donley Rehabilitation Center and other administrative and operational costs associated with the Workers’ Compensation program in Rhode Island.
Workers' Compensation is insurance to provide medical expenses and lost wages to employees who are injured while working. Employers are required to have workers' compensation insurance to cover these benefits. The Division of Workers' Compensation at the RI Department of Labor and Training monitors the workers' compensation system, ensuring claims are paid correctly and that all required employers with one or more employees maintain insurance coverage. It also provides rehabilitative services, including physical therapy, work hardening, vocational services and psychological services through the Donley Rehabilitation Center in Providence. To report an employer without coverage or to report incidents of Workers’ Compensation fraud, contact the Workers’ Compensation Hot Line at 462-8100 option 7.
ABOUT DLT: The RI Department of Labor and Training offers employment services, educational services and economic opportunity to both individuals and employers. DLT protects Rhode Island’s workforce by enforcing labor laws, prevailing wage rates and workplace health and safety standards. The department also provides temporary income support to unemployed and temporarily disabled workers. For more information on the programs and services available to all Rhode Islanders, please call the RI Department of Labor and Training at (401) 462-8000 or visit the web site at www.dlt.ri.gov.