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workers compensation insurance rate increase | Northern California Personal Injury Blog

California Workers’ Compensation Bureau Seeks Mid-Year Rate Increase

By Kelly Balamuth on May 4, 2012

Citing a higher frequency of claims, a larger number of liens, and slow economic recovery, the California Workers’ Compensation Bureau recently requested that the state’s Insurance Commissioner allow the bureau to increase its rates at the end of June 2012. The requested rate increase would raise insurance rates to 4.1 percent.

Since workers’ compensation premiums are paid directly by the employer, workers’ salaries should not be affected by the increase. However, the two main reasons the Workers’ Compensation Bureau cites for the increase request – a higher number of claims and a lower rate of workplace growth – indicate that, overall, the number of California workers injured while on the job in recent months has increased.

The Workers’ Compensation Bureau did not speculate on the cause of the increase, but its request to the Insurance Commissioner also mentioned that the Bureau has had an unusually large number of serious injury cases recently, requiring more benefits to be paid to cover medical bills and lost wages. The more severe a worker’s injury is, the more medical care the worker is likely to need. Serious injuries also increase the amount of time away from work or may even disable a worker permanently, requiring workers’ compensation to pay more in order to ensure these workers get the full amount of benefits to which they are entitled.

If you’ve been injured while at work, you may be entitled to workers’ compensation benefits, as well as benefits from any third parties whose negligence caused your injuries. At Balamuth Law, a dedicated Walnut Creek workers’ compensation lawyer can help you get the benefits and compensation you need. For a free, confidential case evaluation, call us today at (888) 254-1234.

Attorney Kelly Balamuth was profiled in the
September 2013 Issue of Plaintiff Magazine.

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