This is important news for staffing companies who have been forced to use their State Funds because they have been unable to qualify for less expensive private insurance programs. This may mean that rates are coming down longer term for those staffing companies that are have very good loss histories. Also private insurers may be more willing to take on greater risks; resulting in more staffing companies exiting the State Funds. (see link below for details)
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http://www.businessinsurance.com/article/20141110/NEWS08/141119984
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This could be a perfect time to evaluate your workers compensating policy if you are in the State Fund and let Work Comp Staffing Solutions review the work comp market with you to see if you qualify for a better workers compensation insurance program.
Please feel free to reach out to Work Comp Staffing Solutions at david@StaffingCompSolutions.com or contact us at 202-302-1212
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
ASA Exhibitor 2014 Conference Booth 1123
California Staffing Association Member
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 25 Years.