Wyoming Proposes Cuts in Workers’ Comp Premiums

Workers’ compensation premiums would drop across Wyoming under a proposal from state regulators.

The Wyoming Department of Employment proposes new rates that call for workers’ compensation premiums to decrease 5 percent across the state. Some industry classes with better than average loss experiences could see rates drop as much as 10 percent, while no industry classes would see an increase under the state proposal.

Gov. Dave Freudenthal said the decrease is good news and further establishes Wyoming’s business-friendly climate.

“I’m pleased that safety has played a role in the decreasing rates, as the health and well-being of the Wyoming work force is a tremendously important factor in keeping Wyoming families strong,” Freudenthal said.

Cindy Pomeroy, director of the employment department, said losses across the state are showing signs of tempering. Pomeroy also said that with more people working in Wyoming, there’s more money coming into the workers’ compensation fund.

“A renewed commitment by the employers and employees of Wyoming to work safely also has contributed to the decrease in workers’ compensation rates,” Pomeroy said.