Workmen’s comp rates will go down

The Instituto Nacional de Seguros said Tuesday that rates for on-the-job accident insurance will be reduced 6 percent as of July 1.

The insurance is called seguro de riesgos del trabajo, and as of May there were 1.4 million workers covered by the state company.

The announcement also said that employers would save 8 billion colons, some $15 million, due to the rate cut. Premiums are based on employee salaries.

The reason was a reduction in the number of covered accidents, said the insurance institute.

The institute, which also issues vehicle insurance, maintains its own medical system, including the new  Hospital del Trauma south of Hospital México in La Uruca.

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