Worker’s Compensation Rates Lowering for Furniture Industry 

The WCIRB has recommended a mid-term rate reduction for California employers effective July 1, 2018 for new and renewal policies. If your policy renewal is after 7-1-18, you will have to wait until your normal anniversary date to get the new rates.
The following chart shows the PURE PREMIUM rates promulgated by the WCIRB that applies to most furniture manufacturers and distributors. These rates are the basis that insurers use to calculate their individual class rates.
CLASS
DESCRIPTION
OLD RATE
NEW RATE
% CHANGE
2881
Furniture Assembling
10.66
8.94
-16.14%
2883
Furniture Mfg Wood
13.31
13.08
-1.73%
3076
Furniture Mfg Metal
7.14
5.94
-16.81%
8015
Furniture Stores (distribution)
5.97
5.79
-3.02%
8810
Clerical
.37
.32
-13.51%
9522
Upholstering
9.55
7.68
-19.58
Not every insurer will pass on these changes, as the Pure Premium Rate is only one of many factors that go into the final Class Rate published by the different insurance companies.
Also, be aware that the Final Class Rate that applies to your specific company by a specific insurer has many modifications before it is applied to your policy. Final Rates and premiums will vary among insurance companies as they apply their own final rates.
Further, your Final Class Rate will be greatly affected by the Experience Modification Factor that is calculated each year and applied to your policy.