The Idaho Department of Insurance (IDI) recently approved a 1.7 percent rate cut to Idaho’s workers’ compensation insurance.

The new rate will go into effect on January 1, 2021.

Director of the IDI, Dean Cameron, said in a press release that the new reduction is expected to benefit Idaho businesses, employees, and the state’s economy overall.

For more information visit doi.idaho.gov or email the IDI at consumeraffairs@doi.idaho.gov.

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