Signing of SB 306 Is A Major Leap Toward Safer Workplaces and Lower Insurance Premiums in Delaware

In a landmark move to boost workplace safety and deliver financial relief to businesses across the state, Delaware Governor John Carney has signed Senate Bill 306 into law. This pivotal legislation, championed by Delaware Insurance Commissioner Trinidad Navarro and the Delaware Insurance Department, is set to revolutionize the Delaware Workplace Safety Program (WSP) and the Experience Rating Plan (ERP), ensuring more employers can protect their workers while enjoying significant savings.

SB 306 marks a transformative step forward by expanding access to the WSP. The bill removes the previous threshold that required employers to pay at least $3,161 in annual workers’ compensation premiums to participate. Now, WSP eligibility is directly tied to the newly revised ERP, filed by the Delaware Compensation Rating Bureau, Inc. (DCRB) and approved by the state insurance commissioner. This change means that employers with $5,000 or more in Delaware-only workers compensation premium, over a three-year period, will automatically qualify for the WSP.

Please read the complete joint press release from DCRB and the Delaware Department of Insurance here.