San Diego, CA (PRWEB) October 27, 2012
The recent news that the Californias Workers Compensation Insurance Rating Bureau (WCIRB) amended its 2013 rate filing to recommend no rate increase was greeted with delight by business owners, but Marrs Maddocks, a San Diego insurance agency, knows that businesses are still seeking ways to lower their workers compensation premiums. Federal law mandates that any business with employeeseven just onemust carry workers compensation insurance, and while different states programs may have varying elements, the intent is the same: to provide employees with a mechanism to gain restitution if theyre injured on the job.
Workers comp is a big cost of doing business; it may even be the largest, said Pat Hurley, Vice President. Can businesses be more proactive with respect to controlling their workers comp costs? Many of our new or prospective clients tell us they feel like theyre held hostage with respect to workers compthey think they have no way to control their premium costs, and thats simply not the case.
Marrs Maddocks makes the following suggestions to businesses wishing to trim their workers compensation insurance costs: