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The National Council on Compensation Insurance (NCCI), West Virginia’s rating and statistical agent, has filed a proposed workers’ compensation loss cost decrease of 1.6% effective November 1, 2019. This premium reduction results in a projected $3 million in savings to West Virginia employers.
On-the-job injuries and illnesses happen every day in a variety of workplaces across the United States. The latest data from the U.S. Bureau of Labor Statistics shows nearly 3 million American workers got hurt on the job in 2017. But how many injuries or illnesses at work rise to the level of needing to involve an insurance company?