Earlier this year Massachusetts' insurance industry announced that they looking for a 19.3% increase for workers compensation rates. Many contractors report they are having issues with their workers compensation costs after going through audits. One contractor in our Fall Protection Training said recently he was hit for $12,000 for his comp liability. He said his insurance agents calculations were a little off. Turns out the agent doesn't really specialize in insurance for residential contractors. But the agent did insure the contractors wife's car which lead to the contractor buying insurance from this firm. ($12,000.00 OUCH!!)