Workers comp loss costs are usually higher premiums from accepted claims or full payouts from denied claims. Workers comp claims are very common in business and more so in certain industries than others.

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NY State Takes Huge Increase On NY State Workers Compensation Loss Costs

A Brief Note About Loss Costs: Several years back New York State went to a loss cost rating mechanism. Essentially this means that The N.Y. State Workers Compensation Rating Board sets what they deem as the appropriate "Base Loss Cost Rate"…