For the seventh-straight year, the state Commerce Department has approved decreases in premiums that some Minnesota businesses pay for work-comp insurance. Deputy Commissioner Julia Dreier says:
“It’s really because of the good work that businesses are doing…. Businesses in Minnesota,… they’ve been very safety-conscious. They’re continuing to implement safety measures.”
Average premiums in what’s known as the “Assigned Risk Plan” will go down nearly seven percent beginning in 2023 after a 7.8-percent decrease in 2022.