L Webb
Titanium
- Joined
- Jul 28, 2001
- Location
- Fullerton, CA USA
The state of California is doing it's best to drive business out of this state.
They have nearly doubled the cost of our workers comp insurance. They said it wasn't because of claims. We've had 1 injured finger in the last 5 years maybe. They also tried to drop our experience multiplier which lowers our rate. They said "oops must have been a mistake". They wouldn't tell us if we can still apply it.
They also included a letter advising us that they are in the process of calculating whether or not to increase rates due to the risk of possible terrorist acts. Yeah, I worry every day that someone will hijack a plane and fly it into our building.
The state is also working on a new tax to hit the gross profits of most manufacturing companies.
Of course we got hit with a liability insurance increase of 10 percent also. I don't think we have ever filed a claim with them on that.
What is happening along these lines in other states?
Les
They have nearly doubled the cost of our workers comp insurance. They said it wasn't because of claims. We've had 1 injured finger in the last 5 years maybe. They also tried to drop our experience multiplier which lowers our rate. They said "oops must have been a mistake". They wouldn't tell us if we can still apply it.
They also included a letter advising us that they are in the process of calculating whether or not to increase rates due to the risk of possible terrorist acts. Yeah, I worry every day that someone will hijack a plane and fly it into our building.
The state is also working on a new tax to hit the gross profits of most manufacturing companies.
Of course we got hit with a liability insurance increase of 10 percent also. I don't think we have ever filed a claim with them on that.
What is happening along these lines in other states?
Les