Wisconsin Workers' Compensation Rates Dropped by 1.97%
Most Wisconsin employers will see lower insurance premiums starting this fall, reducing overall costs for the coming year.
Updated on Oct. 1, 2026 in Employment
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Wisconsin employers will pay 1.97% less for workers' compensation insurance following a regulatory approval. The adjustment affects most businesses in the state that are required to carry this coverage.
Why it matters
The annual rate decrease, which follows 11 consecutive years of declines, reflects ongoing efforts in workplace safety across the state. This reduction is projected to save Wisconsin employers approximately $36 million in total premiums over the next year.
Wisconsin employers will see a 1.97% decrease in workers' compensation rates, marking 11 straight years of reductions. The change is expected to save the business community approximately $36 million in premiums over the next year.
The players
Office of the Commissioner of Insurance
The state agency responsible for the oversight and approval of insurance rates for Wisconsin businesses.
Wisconsin Compensation Rating Bureau
The entity that collects industry data and selects the methodology to propose annual insurance rate adjustments.
The details
The Wisconsin Compensation Rating Bureau develops the methodology and trends used to calculate these adjustments. Once proposed, the Office of the Commissioner of Insurance conducts a review and provides final approval for the new rates. This regulatory mechanism ensures that premiums are adjusted based on historical claims data and the state's collective focus on maintaining safer work environments.
Timeline
October 1, 2026: The new workers' compensation insurance rates take effect.
Money Landscape
This latest reduction extends an 11-year trend of declining insurance costs for state employers. The consistent downward trajectory reflects a decade-long cycle of improvements in statewide safety metrics.
Business owners should prepare for lower premium obligations starting October 1, 2026. Consult with your insurance carrier or a qualified financial professional to ensure your upcoming policy renewals reflect this state-mandated rate reduction.
The takeaway
The sustained decline in insurance costs highlights a long-term improvement in workplace safety outcomes for the state. Employers with specific inquiries regarding their premiums should contact the Wisconsin Compensation Rating Bureau at 262-796-4540.
Further reading
You can find more analysis on state workforce trends in our Employment section.
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