A Workers’ Compensation Insurance Rating Bureau committee, during a May 7 meeting in Oakland, will discuss lowering the final premium amount that subjects a California policyholder to a physical audit.
Falling rates and rising wages indicate that the physical audit threshold should be reduced, to $10,500 from $13,000, according to the agenda for the Classification and Rating Committee meeting.
Committee members will discuss recommendations to increase the dual-wage threshold for selected industries. Employers in specified industries can receive a discount on their workers’ compen...
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