California Starts New Year Attacking Small Business
With California in full revolt against the incoming Trump Administration swearing to go to war with the other 49 states, the elected Leftists who run the state struck again against small businesses in the state. The government enacted 900 (yes, you read that correctly) new laws for 2017. One they snuck under everyone’s nose is a revision of the very expensive worker’s comp system.
As you probably know worker’s compensation insurance is paid by employers to cover medical costs for an employee getting injured on the job. It is a sure bet, as you suspected, that California has the costliest worker’s comp rates at $3.24 per $100 of payroll. The next most costly state is New Jersey which is 10% lower ($2.92 per $100). To give you an idea what the insurance rate is in sane states the rate in North Dakota is about 25% of California ($.89 per $100) or Indiana at $1.06 of $100. – READ MORE