INSURANCE: Battle to Slow Rise of Workers’ Comp Is Fought on Field of Claims Control
According to an annual report compiled exclusively for ENR by New York City-based insurance broker Marsh USA Inc., rate increases across the U.S. outnumber declines. This years survey shows that ironworkers have the most expensive workers comp rate in the nation with a national average rate of $40.68 per $100 of payroll for structural steel erection. Ironworkers comp rates also are posting some of the largest increases, according to the Marsh survey. This years 6% increase recaptured 2003s entire decline and built on rate increases that totaled 16% between 2000 and 2002.
The rate for bricklayers rose 1.4%, to $15.76, after slipping about 2% the previous year. Rates for carpenters declined 5%, to $18.99, after increasing 7% in 2003 and 3% in 2002.