State Trends – WC Rates Mostly Trending Slightly Higher
Here is a look at how the average of our five construction work comp rates have changed over time by state. California and Florida have had some major decreases in work comp rates until 2012. Texas has had a moderate decrease in work comp rates every year, and New York has been up and down with 2012 rates coming in at much higher levels than 2012. New Jersey rates have been up every year except 2010.
Construction WC Codes – Trends Over Time
Here is a look at the history of the five WC codes we used in our analysis. As you can see, all codes had a slight increase in 2004, then a significant decrease in 06, 08 & 2010. However, we are seeing a slight increase in 2012 for the average and all codes except roofing.
2012 WC Rates
Where are we at today? Here is a look where WC rates were in 2012. The map of the United States indicates average work comp rates by state over 50 of the largest occupational classes.
Below is the 2012 rankings of average work comp rates from the highest costs to the lowest.