AWB Statement on Proposed 2019 Workers’ Compensation Rates
OLYMPIA — Kris Johnson, president of the Association of Washington Business, issued the following statement on the state Department of Labor and Industries’ announcement of their proposed 2019 workers’ compensation insurance tax rates:
“Employers welcome any reduction in the cost of Washington’s workers’ compensation insurance, which remains among the most expensive in the country. We have worked diligently with our members to improve workplace safety and the proposed 5 percent average reduction is a move in the right direction. But with a growing economy and growing reserve fund, the reduction could have been even greater and still maintained break-even for the state’s reserve fund.
“While parts of Washington’s economy are performing well, the recovery has not extended equally throughout the state or across all industries. We look forward to continuing to work with lawmakers and others to make Washington’s workers’ compensation more competitive, to reduce costs for employers who are still struggling and to bring economic prosperity to every corner of the state.”