As you probably heard, there is a proposed 40% increase to Delaware Worker’s Compensation Rates being proposed by the WC Rating Bureau.
The Delaware Insurance Commissioner is holding a Public Hearing December 20, 2012 at 10am at the Carvel State Office Building, 820 North French Street, Wilmington, DE 19801.
We are in agreement with the many voices opposed to this huge increase, especially at a time when our industry is just starting to come out of the housing recession. We have heard from the several Chambers of Commerce in Delaware, as well as other building and contracting groups.
As we prepare to attend the hearing, you also should attend and let the Insurance Department know how a 40% increase of workers compensation will hurt your business. Advanced registration to speak, or submit written comments is December 13, 2012. Please email your thoughts to firstname.lastname@example.org. But plan to attend a voice your opposition.
Seriously, get involved. Taking a few hours to write a letter or attend a hearing seems to be worth the alternative – a 40% increase in your workers comp rates!