Skip to content

Wisconsin Workers’ Compensation Rates Decline

Wisconsin Workers’ Compensation Rates Decline

July 19, 2022

The lower rates will save employers an estimated $146 million

Wisconsin Workers' Compensation Rates Decline

For the seventh year in a row, the cost of workers’ compensation insurance will decline, according to the Department of Workforce Development. The lower rates, effective Oct. 1, 2022, will save employers an estimated $146 million, although the overall impact will vary among employers and specific circumstances. According to the Workers Compensation Research Institute, Wisconsin is one of eighteen states with the lowest time employees spend away from work following a workplace injury. Workers’ compensation insurance rates are adjusted annually by the Wisconsin Compensation Rating Bureau and must be reviewed and approved by the state insurance commissioner. “The latest decrease in workers’ compensation rates represents more good news for the safety of Wisconsin’s workplace heading into 2023,” Insurance Commissioner Nathan Houdek said. “Improved worker safety practices have helped reduce workers compensation rates, provide a competitive advantage for employers doing business in Wisconsin and support a productive workforce.”
Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

September 10, 2025
NFIB Wisconsin Reacts to August Optimism Report Showing More Im…
NFIB Wisconsin State Director Luke Bacher reacts to Small Business Optimism…
Read More
August 18, 2025
WE WANT TO HEAR FROM YOU: Share how Regulations in Wisconsin I…
Take our short survey and let us know how burdensome government regulations…
Read More
August 13, 2025
NFIB Wisconsin Reacts to NEW July Optimism Report
NFIB Wisconsin State Director Luke Bacher reacts to Small Business Optimism…
Read More
State Capitol of Wisconsin
August 4, 2025
A Closer Look: Tax Cuts in the Wisconsin State Budget
As the dust settles from a long budget process, we can start to unpack spec…
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility