Thursday, April 02, 2015

Workers Compensation Rate Decrease/ Indiana Law

Yesterday, it was reported that the governing committee of the Workers Compensation Insurance Rating Bureau  recommended a 10.2% decrease in pure premium workers compensation rates effective July 1 2015.  The vote was 10 to 1.  This now will go to the full board and then to the Insurance Commissioner.  Insurance companies do not have to accept this reduction and can file either higher or lower rates though.

In Monday's SF Chronicle, Thomas Lee wrote a piece about small business.  He starts his piece by talking about the controversial "religious freedom" bill. 
 
"But Indiana’s bill wasn’t meant for the Apples and Sales-forces of the world.  Instead, it was created to cater to a key constituent known as small businesses — those mom-and-pop shops that don’t think they should bake a cake or deliver flowers for a same-sex marriage because doing so would violate their faith.
Why do such businesses, with so few people on the payroll, wield so much power?  Many of these companies also oppose raising the minimum wage and offering health insurance to workers.
It is time to stop treating  small businesses like saints and recognize them for what they truly are, just another special interest group and with an agenda-whether social or economic."
 
So do you agree with Indiana's law?
What do you think about his comments?

See link to full piece:
SAN FRANCISCO CHRONICLE: View "Debunking virtue of small business" article at
http://tablet.olivesoftware.com/Olive/Tablet/SanFranciscoChronicle/SharedArticle.aspx?href=HSFC%2F2015%2F03%2F31&id=Ar02700
 

Scott Hauge
President
Small Business California
2311 Taraval Street
San Francisco, CA  94116
shauge@cal-insure.com
415-680-2188 

2 comments:

Globalcredit Globalcredit said...

Hello, i am a certified private loan lender, i offer loan to both companies, firms and individual for as low rate of 5%, have you been searching for a legitimate loan ? Here is where you can get any kind of loan you need, so for guarantee loan simply contact: globalcredit30@yahoo.com for more info..

Globalcredit Globalcredit said...

Hello, i am a certified private loan lender, i offer loan to both companies, firms and individual for as low rate of 5%, have you been searching for a legitimate loan ? Here is where you can get any kind of loan you need, so for guarantee loan simply contact: globalcredit30@yahoo.com for more info..