"This is good news for businesses in Pennsylvania and those considering coming to our state," Gov. Wolf said. "As we become more competitive in the cost of doing business, we are encouraging companies to create jobs that pay."
Insurance Commissioner Teresa Miller noted the department under Gov. Wolf's leadership is working to maintain a vibrant and competitive workers' compensation insurance market.
"More than 325 companies offer workers' compensation insurance coverage in Pennsylvania," Commissioner Miller said. "This means employers are able to find attractive, cost-efficient options for this vital insurance."
In addition to lower workers' comp insurance costs noted in the study, the Department of Labor & Industry, which oversees workers' compensation in the state, offers discounts through certified workplace safety committees.
"Certified workplace safety committees help employers and workers keep safety top-of-mind at all times," Labor & Industry Secretary Kathy Manderino said. "And those companies with a committee receive a five percent discount on their workers' comp insurance premiums."
Commissioner Miller and Secretary Manderino noted these costs savings for businesses were achieved while maintaining benefit levels for injured workers.
More information on Pennsylvania insurance products is available at www.insurance.pa.gov.
For more information on making Pennsylvania's workplaces safer, visit www.dli.state.pa.us, "Workplace and Community Safety."
MEDIA CONTACT: Ron Ruman, Insurance- 717-787-3289
Sara Goulet, Labor & Industry- 717-787-7530
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pennsylvania-improves-ranking-in-national-study-of-state-workers-compensation-insurance-costs-300370506.html
SOURCE Pennsylvania Insurance Department