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CA DWC Updates SIGs

13 Dec, 2010 WorkersCompensation.com

                               Oakland, CA (CompNewsNetwork) - The Office of Self Insurance Plans (SIP) authorizes qualified employers to provide their own coverage for workers' compensation liabilities. Small and medium-sized businesses have the option of joining with others in the same industry to self insure their workers' compensation liability as a group. All Self Insurance Groups (SIGs) must be approved by SIP and are required to post a security deposit covering 135% of estimated future liabilities. As of November 2010, the state had a total of 31 SIGs. California has one of the largest self insurance programs in the nation and has some of the strongest regulations designed to ensure the system protects both employers and employees.

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