Washington workers' compensation rates expected to decrease over 2024.
According to a recent study, workers' compensation rates in the state of Washington are expected to decrease slightly this year. The state currently ranks in the top 25 for the highest average workers' comp rates in the country. A recent study indicated that Washington rates are approximately 3% higher than the median work comp insurance rates based on a composite study of selected classification codes. Since Washington is a monopolist state, in state coverage must be written through the state. Our national ageny specializes in writing Out of State Coverage for business owners located in the state of Washington.
Please refer to the Washington Department of Labor and Industries for class codes and rate information since WA operates as a monopolistic state fund. If you are a Washington based business employing people outside the state of WA, we can help your business obtain workers' compensation coverage for employees and jobs in all other states outside of Washington.
Ask about our Pay As You Go plans designed to improve cashflow and bullet-proof your audits.
Workers Comp Rates are an Art & Science
What influences my workers comp insurance cost?
Your State & Class Codes
Insurance companies file their "base manual rates" for approval with each state for all class codes. Rate recommendations are generally made to the state and carriers annually by the National Council on Compensation Insurance.
Your Claims or Losses
Employee claims are reported to NCCI and statistically compared with all other similar type businesses using the same class code in each state. An Experience Modification Rate may apply to your business after a few years of coverage.
Prior Experience & Coverage
Insurance company underwriters are permitted to make premium rate adjustments based on unique factors about your business, safety practices, and management experience in most states.
Policy Credits and Debits
Insurance companies may apply policy credits and debits to the base manual rates. Additional discounts can be applied to premium as the total payroll & premium increases.
Smart Agents with expertise in workers' compensation insurance utilize this information to negotiate your insurance rates with underwriters. A good narrative about your business helps insurance companies justify a better price.
Washington Rates for Select Work Comp Class Codes
Rates for State Class Codes. Select Codes Listed:
As of 2025, Washington is one of four monopolistic states left in the United States. NCCI state rules and manuals do not apply in Washington. This means that all rates are set by the state and that private insurance companies are not permitted to compete in the state. We help Washington employers find workers' compensation coverage in other states when they hire out of state employees or perform work in other states. We offer general liability insurance and other commercial lines coverages in Washington State.
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Workers' compensation rates are regulated by the Washington Department of Labor and Industries and they act as the exclusive State Fund insurance carrier. Employers doing business with one or more employee are required to carry workers compensation coverage in Washington. We are a national insurance firm specializing in workers compensation and general liability insurance. Get quotes on out of state workers' compensation insurance and general liability.
Get a Quote or Learn More
- What is Workers Compensation?
- The Basics of Workers Comp
- Workers Compensation Q and A?
- Insurance Laws for Work Comp
- Managing Policy Claims
- Getting Work Comp Benefits
- NCCI Classification Codes
- Experience Modifiers and Ratings
- State Fund Insurance
- Workers Compensation Forms
- Handling Workers Comp Audits
- Understanding an Employer Liability Policy
- Excluding Owners and Officers
- Other States Coverage
State Resources for Washington
State Resources for Washington
Washington Department of Labor and Industries
PO Box 4400
Olympia, WA 98504-4000
360-902-5798
WA Dept. of Labor and Industries
Washington Board of Industrial Insurance Appeals
2430 Chandler Court SW
PO Box 42401
Olympia, WA 98504-2401
360-753-6823
Board of Industrial Insurance Appeals
Washington is not under the Jurisdiction of the National Council for Compensation Insurance (NCCI) and the state makes its own laws and rules for state workers' comp coverage. Employers can only buy coverage from the state fund.
Our agency can help employers find other state and multi-state coverage for businesses that need insurance in one or more additional states.
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Rates
Get a free insurance comparison today and see if your business qualifies for lower workers' compensation insurance rates. Our highly skilled Agents know how to shop your coverage.
QUALIFY FOR LOWER WORKERS' COMPENSATION RATES.
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