The RI Department of Labor and Training has proposed an assessment rate for Workers' Compensation insurers of 6.75 percent for the coming year, effective July 10, 2013. This rate has remained level every year since 2008.
Department Director Charles J. Fogarty said, "In determining this year's assessment rate, we felt strongly that we should not add additional costs for business. This approach mirrors the Governor's focus on building a more employer-friendly environment in Rhode Island."
Each year, the Workers' Compensation assessment rate is recalculated, based upon the projected costs to fulfill the responsibilities of RIGL 28-37-1(b) pursuant to RIGL 28-37-13(c). These responsibilities include the funding of the Workers' Compensation Court, the Workers' Compensation Fraud Unit, the Workers' Compensation Education Unit, the Workers' Compensation Advisory Council, the Donley Rehabilitation Center and other administrative and operational costs associated with the Workers' Compensation program in Rhode Island.
Workers' Compensation is insurance to provide medical expenses and lost wages to employees who are injured while working. Employers are required to have workers' compensation insurance to cover these benefits. The Division of Workers' Compensation at the RI Department of Labor and Training monitors the workers' compensation system, ensuring claims are paid correctly and that all required employers with one or more employees maintain insurance coverage. It also provides rehabilitative services, including physical therapy, work hardening, vocational services and psychological services through the Donley Rehabilitation Center in Providence. To report an employer without coverage or to report incidents of Workers' Compensation fraud, contact the Workers' Compensation Hot Line at 462-8100 option 7.