Delaware legislators are working to enhance the state’s workplace safety program by expanding workers’ compensation insurance discounts available to businesses while keeping the overall system stable.
The proposed legislation addresses issues created by earlier changes to workplace safety program rules. Those previous adjustments prompted the Delaware Compensation Rating Bureau to file a new Experience Rating Plan, which unintentionally caused reduced discount opportunities for businesses.
Currently, most companies with below-average claim expenses continue to benefit from reductions in their experience modification factors, regardless of their size. The combination of workplace safety program discounts and experience modification factor reductions provides similar cost savings as before for employers who maintain good safety records.
However, lawmakers say this outcome wasn’t what the previous legislation intended to achieve. The new measure would guarantee that participating companies can achieve maximum premium reductions of up to 12 percent.
