Real Experts- Trusted
California State Fund recently announced a 9.5% rate reduction due to a decrease in claims costs. The Dept. of Insurance has approved the rate filing. Private insurance companies are likely to follow suit in order to remain competitive. Despite the overall reduction, Employers may still see some rate increases or decreases depending on class codes and experience factors.
California has been the most expensive state for workers' compensation insurance coverage. A 2018 study indicated that the average rates in CA were almost 188% higher than the study medium. California was ranked 13th in 2016, but rates have steadily increased since then. Claifornia operates its own workers' compensation system and manages the California State Fund.
Workers compensation rates can vary significantly between insurance companies in California. Several carriers left the state due to losses and market volatility, while other carriers have entered the CA market over the past few years. California employers will benefit by shopping workers' comp rates in order to find the best deal.
What Influences the Cost of Your Coverage?
Insurance companies file their "base manual rates" for approval for each state
classification code. Rate recommendations are generally made annually by the
National Council on Compensation Insurance.
Employee claims are reported to NCCI and statistically compared with all other
businesses using the same class code. An Experience Modification Factor will
apply to your business after a few years.
Insurance company underwriters are permitted to make premium adjustments based
on unique factors about your business, safety practices, and management
experience in most states.
Insurance companies may typically apply policy credits and debits to the base
Manual rates and additional discounts can be applied tp premium as the total
Smart Agents with expertise in workers' compensation insurance utilize this information to negotiate your insurance rates with underwriters. A good narrative about your business helps
insurance companies justify a better price.
The workers' compensation rates listed below for California represent the current insurance rates we've found effective 1/1/2019. There is no guarantee that any business or employer will qualify for the lowest workers' compensation rates. Carriers don't have a universal rate filing date in CA, so each carrier may change their filed rates at different times of the year. California work comp rates can vary significantly by carrier. We shop with more carriers to ensure you find the lowest CA rates.
California workers comp rates vary by industry classification codes and insurance company underwriting standards. Employers' who have an Experience Modification Factor assigned to their business may have additional credits or debits applied to their insurance rates based on prior premium and workers compensation losses.
State Resources for California
California Department of Insurance
Consumer Communications BureauLos Angeles, CA 90013213-897-8921 800-927-4357
CA Division of Workers Compensation
Post Office Box 420603 San Francisco, California 94142 415-703-4600 DWC Home Page
State Compensation Insurance Fund (SCIF)
1275 Market StreetSan Francisco, CA 94103 415-565-1234 California State Fund
Workers' Compensation Insurance Rating Bureau of California
525 Market Street, Ste. 800San Francisco, CA 94105-2716415-777-0777 WCIRB
Workers’ Compensation Appeals Board (WCAB)
455 Golden Gate Avenue, Suite 9328San Francisco, California 94102-3660800-736-7401 California Appeals Board
Get more information about workers' compensation in California: