WCIRB Provides Update on Experience Rating System

The Workers' Compensation Insurance Rating Bureau has updated its website with a new overview of California's experience rating system.The ratings bureau explains that the experience rating system "is a merit rating system that provides a direct financial incentive for employers to reduce work-related accidents."'"Employers who implement safety programs and take steps to reduce the incidence of workplace injuries will generally have fewer losses and lower experience modifications than other employers within the same classification. These lower experience modifications translate int...