Missouri DCI announces reduction of workers’ compensation rates for employers in 2025
JEFFERSON CITY, Mo. – The Missouri Department of Commerce and Insurance (DCI) announces employers should see a reduction in workers’ compensation rates for the fourth year in a row, according to preliminary figures collected by DCI from the National Council on Compensation Insurance (NCCI). The NCCI recently proposed an overall decrease of 5.3 percent for …
JEFFERSON CITY, Mo. – The Missouri Department of Commerce and Insurance (DCI) announces employers should see a reduction in workers’ compensation rates for the fourth year in a row, according to preliminary figures collected by DCI from the National Council on Compensation Insurance (NCCI). The NCCI recently proposed an overall decrease of 5.3 percent for 2025 workers’ compensation loss costs.
The 5.3 percent decrease in loss costs between Jan. 1, 2024 and Jan. 1, 2025 is driven by data collected on an annual basis showing a decline in average indemnity and medical costs per lost time claim.
“Missouri businesses will be pleased to hear that on average, workers’ compensation rates should decrease for the fourth year in a row,” said Chlora Lindley-Myers, Director of the Missouri Department of Commerce and Insurance.
“It’s a testament to Missouri’s employers for continuing to make safety improvements in the workplace to protect their teams. A robust market with over 300 insurers actively competing for business in the workers’ compensation market gives businesses plenty of choices. I encourage Missouri’s employers to take advantage of this and shop around for the best rates.”
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