The California workers' compensation insurance market should remain stable for the balance of 2010 with the recent announcement of the WCIRB that it will not be filing for a July 1 - midyear premium rate increase.  That is no indication that cost pressures for future rates have gone away, as you can see from the latest data shown below, which reports the estimated average total cost of an "indemnity" or lost time workers' compensation claim. 

This is the time to sharpen your safety program.  There can be no doubt that workers' compensation premiums will be going up in 2011 and the safest companies will get the best deals.

The best defense against cost increases is a safe work place.  I will soon be publishing my first e-book, California Office Safety, which details my recent experiences as a consultant focusing on safety and human resources.  In these challenging economic times, safety is worth the effort as the financial benefits of safety go directly to your company's bottom line as profit. 

Give me a call or send an email if you would like to review your safety plans.

Issue 37, May 2010

Quick Resources
Employers' Bill of Rights
The starting point for an effective human resources strategy.
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HR Kits for Safety and Convenience
We’ve made it simple for you to comply with the law and avoid penalties. Money back guarantee.
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Case Studies
Read some real life situations our clients have faced, and the solutions we designed to reduce their costs and keep them out of future trouble.
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Avoid Sexual Harassment Law Suits.
This free white paper focuses on key strategies to avoid sexual harassment trouble at your business.
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Please call 949.533.3742 or email us to find out more about our unique approach to reducing your costs and avoiding legal trouble.