NCRB Updates Schedule Rating Plan

The North Carolina Rate Bureau (NCRB) has posted revisions to its workers' compensation schedule rating plan, which provides for rate modifiers not covered by an employer's loss experience.NCRB said in a notice this week the plan is available for any risk with annual manual premiums of $2,500 or more.The notice provides a list of job-related factors that can result in modifications ranging from 5% to 25%.The physical condition of the premises, and preventative maintenance, for example, can increase or decrease rates by 5%.The availability of medical assistance, disaster plans, a return...