WHAT IS A DRUG-FREE WORKPLACE PREMIUM CREDIT PROGRAM?
Currently twelve states offer a voluntary Workers’ Compensation Premium Reduction Law, which meeting the state’s requirements for certification qualifies a company for a mandatory 5% – 20% discount on their annual workers’ compensation premium. The twelve states include: Alabama (5%), Arkansas (up to 5%), Florida (5%), Georgia (7.5%), Hawaii (at least 5%), Idaho (up to 5%), Mississippi (5%), Ohio (6% to 20% yearly system), South Carolina (5%), Tennessee (5%), Virginia (up to 5%), and Washington (up to 5%). In addition, Louisiana has an Employer Tax Credit Law which includes a provision whereby employers may be eligible for a tax credit against their state income tax in the amount of 5% of the ‘qualified treatment expenses’ incurred by the employer for substance abuse treatment services. All SPEC programs are state certified and are eligible to receive the mandated premium credit, when applicable. Contact SPEC for an update on state laws and other incentives.
