General and Prime Contractors want to transfer the financial risk of subcontractor-caused construction defect claims or serious accidents at job sites to their subcontractor’s insurer. Download the Article
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The cornerstone of a successful contractual risk transfer program is a consistent approach to Subcontractor Insurance Compliance. Download the Article
On November 24th, 2020, Insurance Commissioner Ricardo Lara approved pure premium rates that were 4.64 percent lower than rates requested by the California Workers’ Compensation Rating Insurance Bureau. Download the Article
2020 Workers’ Compensation Proposed Changes The insurance commissioner approved lower rates to be effective for policies renewing on January 1, 2020 or thereafter.