A booming economy yet less WC premium is not only a function of decreased rates; it is also a function of an ineffective enforcement body. You can look on the CSLB website at the WC history of Contractors, and many if not most of them show as Exempt from having to carry WC, when “everyone” (except the regulatory authorities, apparently) knows that they have employees, who should be covered by WC. Despite rate decreases, you would see more premium, if the regulators properly enforced the law, and played hardball with Contractors.
A booming economy yet less WC premium is not only a function of decreased rates; it is also a function of an ineffective enforcement body. You can look on the CSLB website at the WC history of Contractors, and many if not most of them show as Exempt from having to carry WC, when “everyone” (except the regulatory authorities, apparently) knows that they have employees, who should be covered by WC. Despite rate decreases, you would see more premium, if the regulators properly enforced the law, and played hardball with Contractors.