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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.
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What influences my workers comp insurance cost?
Insurance companies file their "base manual rates" for approval with each state for all class codes. Rate recommendations are generally made to the state and carriers annually by the
National Council on Compensation Insurance.
Employee claims are reported to NCCI and statistically compared with all other
similar type businesses using the same class code in each state. An
Experience Modification Rate may apply to your business after a few years of coverage.
Insurance company underwriters are permitted to make premium rate adjustments based
on unique factors about your business, safety practices, and management
experience in most states.
Insurance companies may apply policy credits and debits to the base
manual rates. Additional discounts can be applied to premium as the total payroll &
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.
We Track and Monitor Filed Rates for Most State Class Codes. Select Codes Listed:
The workers' compensation rates listed below for California represent the current insurance rates we've found for 2020. 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 your business gets the lowest CA rates.
State Compensation Insurance Fund- SCIF operates the State Fund in California. Workers comp rates vary by industrial classification codes and insurance company underwriting standards. Employers' who have an Experience Modifier Rate assigned to their business may have additional credits or debits applied to their insurance policy based on prior premiums and workers compensation loss experience.
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
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Get more information about workers' compensation in California:
Workers Compensation Info
Workers Comp Programs
National Broker Services