Ratings Bureau Update
On March 30, 2020, the Worker’s Compensation Ratings Bureau released its Circular Letter addressing new issues that impact Wisconsin Worker’s Compensation Insurance Carriers and Employers. One specific issue we felt should be highlighted is how premiums paid by Employers would be impacted by wages paid to employees who were furloughed during the state-wide emergency orders issued by Governor Evers. Basically, these wages will not be included when the worker’s compensation premium determination is made during a subsequent policy audit. Employers should keep separate records that identify whether it is payroll for furloughed employees or for employees who are still working to prevent future issues when determining their worker’s compensation premium.
A link to the circular letter can be found here: WCRB 2020 Circular Letter