![Cost Of Workers’ Compensation Insurance In Louisiana Drops](http://townsquare.media/site/36/files/2017/01/Workers-Comp-mobile-cuisine.com_.jpg?w=300&h=200&zc=1&s=0&a=t&q=89&w=980&q=75)
Cost Of Workers’ Compensation Insurance In Louisiana Drops
BATON ROUGE, La. (AP) — Insurance Commissioner Jim Donelon says the cost of workers' compensation policies for Louisiana businesses has dropped for a fourth straight year.
The state insurance department announced this week that it had approved a 9.8 percent statewide decrease in workers' compensation rates, to take effect May 1. The rate cut was requested by the National Council on Compensation Insurance, an organization that files workers' comp rates in 35 states.
Donelon called the price drop a boost to businesses, which will pay less for the insurance coverage. He says the rates have fallen by 34 percent over the last decade.
The insurance commissioner credited the cost decrease to strong competition from insurance companies carrying workers' compensation policies and fewer claims from workers.
Workers' compensation insurance provides coverage for workplace-related injuries and illnesses.
Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
More From News Talk 96.5 KPEL
![Louisiana’s Workers’ Compensation Costs Eyed In Latest Audit](http://townsquare.media/site/36/files/2015/02/Money-14-iStock.jpg?w=980&q=75)
![State Becoming A Safer Place To Work](http://townsquare.media/site/36/files/2013/11/Injury-iStock.jpg?w=980&q=75)
![State Senate Commitee Hears Reforms To Workers’ Comp System](http://townsquare.media/site/36/files/2012/03/Louisiana-Legislature-flickr-user-joevare.jpg?w=980&q=75)
![Truck Crashes Through Louisiana Convenience Store, Injuries Unknown](http://townsquare.media/site/36/files/2024/07/attachment-451428443_875361657961063_9009058308210370374_n.jpg?w=980&q=75)
![Lafayette Police Seek Public’s Help in Identifying iPad Theft Suspect](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-15T194605.280.jpg?w=980&q=75)
![Alleged Donald Trump Shooter Spotted Nearly 30 Minutes Before Shots Fired](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161431349.jpg?w=980&q=75)
![WATCH: Would This Viral ‘Texas Gumbo’ Pass a South Louisiana Inspection?](http://townsquare.media/site/36/files/2023/12/attachment-Texas-Gumbo-Pepper-Belly-Pete.jpg?w=980&q=75)
![Donald Trump Has Made His Vice Presidential Pick](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2159730000.jpg?w=980&q=75)
![CHECK IT OUT: You Can Rent This Awesome Tower in New Iberia, Louisiana](http://townsquare.media/site/36/files/2024/07/attachment-new-iberia-airbnb-2.jpg?w=980&q=75)