WCIRB Draft Report Supports Continuation of Dual Wages

The dual-wage classification system that was created to reduce premiums for California contractors that pay high wages should be continued, but all policies that are eligible for discounted premiums should be audited to reduce the potential for fraud, a draft report by the Workers’ Compensation Insurance Rating Bureau says.The Dual Wages Level Classification system, introduced by the Rating Bureau in 1986, covers 16 different classifications of contractors. Contractors that pay wages above certain thresholds pay lower premiums than contractors who pay lower wages under the theory that hi...