Vermont loss costs to decrease 4.9% in April
- October 18, 2025
- Posted by: Web workers
- Category: Workers Comp
Vermont Gov. Phil Scott and Department of Financial Regulation Commissioner Michael Pieciak on Wednesday announced that workers compensation loss costs will decrease 4.9%, effective April 1.
The sixth consecutive reduction in loss costs means employers will pay an average of 41% less in premiums than they did in 2016, the governor’s office said in a statement. The latest cut is projected to save Vermont employers more than $8 million in premiums during the upcoming year.
About 90% of businesses in the state obtain coverage from the voluntary market.
Assigned risk rates will also decrease for the sixth consecutive year on April 1. Rates for employers unable to obtain coverage in the voluntary market will be down a cumulative 47.1% since 2016.
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