Posted by Partners Risk Services on Filed Under: Blog, Business Insurance, Contractors insurance, Workers Compensation | Tagged With: Commercial Insurance, Workers compensation
How Will the New Minimum Wage Impact Workers’ Compensation
Posted: May 9, 2016
Many states and cities are enacting new minimum wage laws, and all will feel the impact. Not only will the cost of goods go up, but also every business will see an increase in workers’ compensation costs. Those business with a high minimum wage work force will see an even higher premium increase. In California for example, the wage increase affects 43% of the state’s...