NCCI, the governing body for Workers Compensation, has suggested a 7% rate decrease for workers compensation rates in Nebraska effective 2/1/15.  Workers compensation rates are set by the State Department of Insurance, then individual insurance carriers apply a loading factor called a Loss Cost Multiplier (LCM) to the base rates, giving each carrier different final rates for workers compensation.  As a result of the base rate decrease, several insurance companies have increased their LCM’s to keep premiums flat, instead of passing on the savings to the business owners.  Contact us today to review your workers compensation program, ensuring you are maximizing the available savings!