WCIRB Calls Experience Rating COVID Claims a Financial Incentive for Safety

Including the cost of claims for COVID-19 in California employers’ experience rating calculations should serve as a financial incentive for businesses to take appropriate and necessary steps to protect their employees, representatives from the Workers’ Compensation Insurance Rating Bureau said during a public hearing Tuesday. “This really is consistent with the spirit and intent of experience rating,” WCIRB Executive Vice President and Chief Actuary Dave Bellusci said. “An employer who is very careful and follows the protocols is going to have less COVID-19 c...