Delaware Workers Comp Rates 2020

Delaware Workers Compensation Insurance Rates in 2020

On Tuesday, October 8, 2019, the Delaware Department of Insurance announced a workers compensation pure premium decrease for 2020. The decreases are an average -12.75% for the residual market and an average of -13.29% for the voluntary market. The rates are in effect as of December 1st, 2019 and represent the third consecutive year of continuing declines.

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The Insurance Commissioner, Trinidad Navarro said, “I am delighted to approve a decrease in workers’ compensation rates in Delaware for the third year in a row. These continued decreases mean significant savings for Delaware businesses both large and small and continues to be an incentive for smaller businesses to relocate to Delaware and employ more Delawareans.”

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Navarro went on to say, “The continued hard work of everyone involved in this process especially over the last few years continues to ensure that the process is transparent and efficient. I am also pleased that this is the first year that all actuaries reviewing this filing agreed, not only that another significant drop in workers’ compensation rates was warranted, but that the filing as submitted to the department needed no changes. Lastly, I want to again acknowledge the Department’s Workplace Safety Program and its dedicated staff for their work in helping Delaware businesses save up to 19 percent on premiums for providing a safe working environment.”

Now it is very important to keep in mind that these decreases are averages. Not all businesses will see this much of a decline. SOme businesses may see no decline at all. Other businesses may see a larger decline in workers compensation premium.  The declines will vary depending on the class code of the business looking to be insured, the location the business operates, the claims history of that business, and the annual revenue.

The state of Delaware has created a workplace safety program designed to lower the frequency and severity of workplace injuries. Businesses owners are encouraged to visit its webpage at, or call our office directly at (302) 674-7377.

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When you are ready to purchase or renew all lines of commercial insurance, the experts at Workers Compensation Shop look forward to helping you see how much your business can save on Workers Comp Insurance.  Click here to start a quote or call 888-611-7467 to speak with one of our agents about how they can help you maximize savings for your business.

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