The following are tips to help reduce your overall Workers Compensation Costs 1. Have an Injury Prevention Plan (IPP) – Injury Prevention Plan templates are readily available for free. Having an IPP is key to your overall workers’ comp safety program. 2. Identify your risks – Review your workers comp claim history in detail to understand, […]
On September 18, 2012, Governor Jerry Brown signed SB 863. The lawbecame effective January 1, 2013 and enacts sweeping changes to the California Workers’ Compensation System. SB863 is intended to increase benefits to injured workers (permanent disability) and reduce costs for California employers. While it is too soon to determine if premiums will be reduced […]
The CAL/OSHA Targeted Inspection and Consultation Fund (TICF) is part of the workers’ compensation insurance reform legislation that mandates an assessment when an employers’ ExMOD is over 125% The TICF assessment is processed annually as long as your ExMod is over 125%. The assessment is calculated based on your annual payroll. Once you ExMod drops […]