KENTUCKY Workers Comp Cost Reduced and Small Business Saves Additional Premiums

Kentucky Employers’ Mutual Insurance (KEMI) Lowers Rates for Fourth Straight Year

Employers in Kentucky received good news recently, as the state’s largest workers’ compensation insurance provider reports it will lower its rates for companies statewide for the fourth consecutive year.

The rate reduction from KEMI will lead to an overall average drop of 6%. Businesses eligible for KEMI’s preferred tier could see rates fall by as much as 30%, saving policyholders more than $9 million for the coming year according to the insurer. Rates will change on October 1, 2009 and apply to both new and renewal policies.

KEMI (www.kemi.com) is also lowering its minimum premium requirements from $700 to $500, saving KEMI’s small business accounts an additional $200 for their premiums. (workersxzcompxzkit)

Author Robert Elliott, executive vice president, Amaxx Risks Solutions, Inc. has worked successfully for 20 years with many industries to reduce Workers’ Compensation costs, including airlines, health care, manufacturing, printing/publishing, pharmaceuticals, retail, hospitality and manufacturing. He can be contacted at: Robert_Elliott@ReduceYourWorkersComp.com or 860-786-8286.

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Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workman’s comp issues.

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