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.”

Topics:

Uncategorized

State:

Wisconsin

Get to know NFIB

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

Learn More

Smiling woman with short blonde hair in a pink blazer and pearl earrings against a blue background.

April 22, 2026

COLUMN: Alabama Takes a Stand for Small Business Fairness

Action on swipe fees still needed at the federal level.

April 22, 2026

Supreme Court Permits Gamesmanship in Small Business Lawsuits

NFIB is disappointed by the U.S. Supreme Court’s decision in the case Enbridge v. Nessel, which concerns a defendant’s right to remove a case to federal court.