Tuesday, March 22, 2011

ACA Call In/ Workers Compensation

Thank you to all of you that came yesterday to the Small Business California/ Insure the Uninsured Project forum on the health bill passed a year ago.

Today Small Business California/ Small Business Majority and SBA will have a call in at 1:30 on the impacts of the health bill on California small businesses. Please see information below.

Even though rates have gone down dramatically for businesses in California for workers compensation coverage they are still among the highest in the country. Yesterday I received a policy written in Washington DC and the rates per hundred for clerical payroll was 17 cents and outside sales 20 cents.

This compares with California who’s clerical rate is around 65 cents and outside sales 76 cents. These rates do vary but company but I would suspect most of you are in that range.

Speaking of workers compensation if you have an experience modification you may well see an increase because of changes that have been made by the Bureau. The expected loss rates have gone down, your payroll may be down and they have made some changes in charges for losses. You may want to contact your broker to see what impact this will have on you.

Scott Hauge
Small Business California
2311 Taraval Street
San Francisco, CA 94116

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