The State Compensation Insurance Fund has called for a 9 percent average decrease in collectible premium in its filing for 2007 workers' compensation insurance rates.
SCIF's Monday announcement would affect rates on new and renewal workers' comp policies with an effective date on or after Jan. 1, 2007.
State Fund said this is the seventh consecutive rate reduction filed for California's residual market.
Small employers (annual premiums between $1,000 and $75,000) with superior safety records would continue to receive a 10 percent workplace safety credit.
"As rates decline and premiums decrease, even more employers become eligible for the credit. State Fund is pleased to be able to expand the ability of small employers to qualify for additional savings through the workplace safety credit," said State Fund President J.C. Tudor.
State Fund rates have fallen steadily since 2003 and now reflect a cumulative savings of 49 percent below pre-2004 rate levels.
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