South Carolina insurance regulators have approved a new filing for workers' compensation that will drop rates by 9.8 percent. The new rates will be available to use in 30 days.

This is the second year that a decrease has been approved. There has been several reasons for the trend including increased employer safety programs, decrease in the claim frequency, and decrease in the severity of the claim.

Approximately 42 percent of workers compensation fees are medical services. A recent change in hospital fees is the reason for this. Regulators will be watching the reforms but said that the full impact will  not be seen until later years.

If you or a loved one has been injured at the workplace, you may be able to recieve compensation for your pain. Contact the Charleston workers compensation lawyers of the Steinberg law firm by calling 843-720-2800.