The current program charges employers a 25 percent surcharge on all premiums when premium is greater than $2,500. Effective Jan. 1, 2011, the adjusted surcharge premium program will charge employers a 25 percent surcharge on only the portion of premium in excess of $2,500. The adjustment achieves a reduction in the surcharge, especially for smaller employers in the assigned risk market. For a copy of the circular, visit www.sharepoint.icrb.net/public/CompClues/details.aspx?Item=79.
Read more at the WorkersComp Forum homepage.
December 27, 2010
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