California Workers’ Compensation Costs Going Up Despite Reform
September 17, 2009
According to the Business Journal, California workers’ compensation costs are going up despite all of the reforms in the past years. According to the Journal, the number of lost work claims is going down but the overall cost to pay them is going up.
Workers’ compensation insurers in California are seeing an increase in average lost-work claim costs and a decrease in the number of lost-work claims, and they’re spending more of each premium dollar they collect to pay claims.
They expect the cost to be higher than it has over the last several years. What this means for you as a business owner is that you will likely see your rates going up even more over the next few years.
If you are trying to find ways to cut down on your workers’ compensation costs I would recommend signing up for our free report.
Our free report lists several ways to lower your workers’ compensation costs. Just enter your email in the box in the upper right side of the page.
The report contains a lot of good information that can start to help your business right now.
Another option for you that can really cut down on your workers’ compensation costs is by having your policy thoroughly evaluated by one of our workers’ comp specialists.
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