The Texas Department of Insurance published its workers compensation rate guide including benchmark rates for towing and recovery operations, establishing the actuarial baseline that insurers use to price coverage for Texas operators, according to TDI. The guide documents how Texas rates compare to the voluntary market and the state-assigned risk pool.
Operator takeaway
Texas publishes benchmark workers comp rates — if your carrier's rate significantly exceeds the benchmark, you may have leverage to negotiate or shop for a better quote.