New California workers’ compensation assessment rates out

Surcharges will cover several funds related to workers’ compensation in the state

Workers Comp

By Allie Sanchez

The California Department of Industrial Relations issued the assessments for next year that will be collected by workers’ compensation insurers from policy holders to cover state compensation budgets and other related funds.
 
A report by WorkCompWire said the assessment s and surcharges will be used to support the Division of Workers’ Compensation (DWC), the Workers’ Compensation Administration Revolving Fund; the Uninsured Employers Benefits Trust (UEBT) Fund; the Subsequent Injuries Benefits Trust (SIBT) Fund; the Occupational Safety and Health Fund; the Labor Enforcement & Compliance Fund; and the Workers’ Compensation Fraud Account.
 
The rates will apply to the policyholders’ estimated annual assessable premium for policies that will be incepted January 1, 2017 through December 31, 2017.
The rates follow:
 
2017  WC Administration Revolving Fund Assessment:   0.003128
2017 Uninsured Employers Benefit Trust Fund Assessment:  0.000721
2017 Subsequent Injuries Benefits Trust Fund Assessment:   0.001335
2017 Occupational Safety & Health Fund:   0.002305
2017 Labor Enforcement & Compliance Fund: 0.001918
2017 WC Fraud Account Assessment:   0.001675
 
 
Further, the following rates will apply to the self-insured and legally uninsured in California to voer their share of the 2017 assessments:
 
2017 
WC Administration Revolving Fund Assessment:   0.025226 
2017 Uninsured Employers Benefit Trust Fund Assessment:  0.004707
2017 Subsequent Injuries Benefits Trust Fund Assessment:   0.006927
2017 Occupational Safety & Health Fund:   0.012111
2017 Labor Enforcement & Compliance Fund: 0.010479
2017 WC Fraud Account Assessment:   0.009262
 
 

 

Keep up with the latest news and events

Join our mailing list, it’s free!