Tennessee Workers’ Comp Rates Will Decline For 9th Consecutive Year In 2022

  • Tuesday, November 30, 2021

The Tennessee Department of Commerce and Insurance announces that workers’ compensation insurance premiums are likely to decline for most Tennessee businesses in 2022 for the ninth consecutive year. 

“The decline of workers’ compensation insurance premiums is an important factor in creating a pro-business atmosphere in Tennessee where companies can grow, employees can prosper and our state can continue to attract high-paying jobs,” said Governor Bill Lee. 

Officials said "Since Tennessee’s workers’ compensation system reforms began in 2014, loss cost reductions of over 59 percent have been approved, representing substantial savings for Tennessee employers. The reduced loss costs are also impacted by Tennessee employers seeing fewer significant workplace injuries." 

On November 16, 2021, TDCI Commissioner Carter Lawrence approved a 5.6 percent overall loss cost decrease beginning March 1, 2022 on new and renewal policies. The order can be found here.  

“Tennessee employers and employees have faced and overcome numerous challenges in recent years,” said Comm. Lawrence. “These reductions reflect the continued trend of safer workplaces and will mean Tennessee employers may now have more money to invest back into their businesses and employees which will help bolster Tennessee’s economy.” 

Insurance carriers combine the National Council on Compensation Insurance loss cost filings with company experience and expenses to develop full insurance rates. 


Business/Government
Latest Bradley County Arrest Report
  • 3/27/2024

Click here for the latest Bradley County arrest report. more

Reed Named Firefighter Of The Year For 2nd Time
Reed Named Firefighter Of The Year For 2nd Time
  • 3/26/2024

For the second time the Dalton Fire Department is honoring Engineer Dale Reed as the agency's Firefighter of the Year for 2024. The award was decided by a vote of Engineer Reed's fellow firefighters. ... more