PROVIDENCE, R.I. (AP) — The Rhode Island Department of Labor and Training has said it will not raise the rate employers pay for workers' compensation insurance this year.
The department says the rate will remain 6.75 percent for the coming year, effective Wednesday. It is recalculated each year but has remained the same since 2008.
Department Director Charles Fogarty said Thursday that DLT felt strongly it should leave the rate unchanged to avoid imposing additional costs for businesses. Gov. Lincoln Chafee (CHAY'-fee) and the General Assembly have been trying to improve the state's business climate.
Workers' compensation insurance is for medical expenses and lost wages for employees injured on the job. Employers are required to have the insurance to provide the benefits.