The decreased premium is expected to take care of expenses for all the county’s industrial injuries and illnesses incurred from July 1, 2010, to June 30, 2011.
According to the Lompoc Record, the board decided to take advantage of a new program offered by the California State Association of Counties (CSAC), providing better service at a lesser risk to the county, county staff said.
The board members backed the change because the fire and sheriff’s departments would experience a combined $681,000 in savings. These two departments pay more than 50% of the county’s workers’ comp premiums.
For over three decades, the county has been a member of the CSAC Excess Insurance Authority, “a member-directed risk sharing pool of counties and public entities,” according to county staff.
The county was enrolled in one of its compensation programs and the county was mandated to absorb the risk for each claim up to $500,000 and manage all the necessary administrative work.(workersxzcompxzkit)
The recently approved CSAC program, known as Primary Workers’ Compensation, transfers and moves all of the county’s risk around to a bigger pool, thus lowering the county’s costs.
Podcast/Webcast: Occupational Health Strategies
WC Calculator: http://www.reduceyourworkerscomp.com/calculator.php
Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers’ comp issues.