Weekend Wake Up

I recently posted about the expected rate increase for workers compensation premiums effective 01/01/09. Now other news and work-comp reform organizations are coming on board to advise their readers and members to become aware of the proposed premium change.

The post by Jan Norman of the OC Register relays the specific breakdown of the premium increase, and she is recalling the horror story of rates prior to the reforms of the Schwarzenegger administration. Those employers in business at least ten years know this story well. And while thankful for the reforms, (mostly SB899 – click for summary), we know there are other forces less concerned about the effect of Workers Comp rates on California businesses.

Orange County employers: take her cue and enlist your broker to perform his/her best review of your experience modification factors and your current discount package to see if improvement can be made before higher rates hit your next renewal.

Another organization is alerting its participants to the changes on the horizon, see: http://www.fixworkerscompnow.org/

This blog is for the purpose of addressing best experience mod management practices, so check back as I peel away the curtain and reveal how your business can position itself to achieve a better bottom line for your workers compensation plan.

Cheers, your work comp wonk.