Business ownership can impact experience rating.
The WCIRB regularly receives the question: If two businesses are owned by the same person, will they have the same experience modification? Most likely, yes. If two or more businesses are owned by the same person, or share more than 50% common ownership, then they are combined for experience rating purposes. The payrolls and losses of all commonly owned businesses are combined to calculate a single experience modification, which is applied to all of the commonly owned businesses. The commonly owned businesses may be insured on a single policy or on separate policies. To learn more about ownership and its impact on experience rating, view the Ownership section of the Online Guide to Workers' Compensation.
Now Available The January 1, 2014 editions of the California Workers' Compensation Uniform Statistical Reporting Plan - 1995, California Workers' Compensation Experience Rating Plan - 1995, and Miscellaneous Regulations for the Recording and Reporting of Data - 1995 are now available in the Manuals and Plans section of the WCIRB website.
There will be no News and Notes e-newsletters for the remainder of 2013. Normal distribution will resume on January 8, 2014. To view past editions of News and Notes, view the WCIRB E-newsletters section of the WCIRB website.
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