Workers’ Compensation Insurance Premium Increase? Why?
HERE IS WHY. The California Worker’s Compensation Insurance Rating Bureau (WCIRB) has changed how they calculate your company’s Experience Modification (X-Mod) effective January 1, 2017. OLD CALCULATION. Prior to 2017, the first $7,000 reserved on any claim (the primary threshold) fully counted against your business. The remaining reserves counted slightly (the excess threshold). For a […]