State administrators will reduce the assessment employers pay to the state on workers’ compensation insurance policies by .05 percent, offering companies some tax relief. Effective July 1, employers will pay an assessment on their total insurance premium of 5.75 percent.

“After reviewing the current assessment rate and the economic outlook for next year, we recommended lowering the rate,” Labor and Workforce Development Secretary Ronald Walker, II said in a statement. “This will further support businesses, and anything we can do to support businesses and spur job growth is a very good thing.”

The Department of Industrial Accidents administers the workers’ compensation insurance system and annually establishes assessment rates. DIA also acts as a court system responsible for resolving disputed workers’ compensation claims. It oversees approximately 12,000 disputed cases each year.