All employers in California must have workers’ comp insurance.

California's 2014/15 Alternative Security Program Approved

Department of Industrial Relations Director Christine Baker approved it; the program provides financial guarantees to replace security deposits required to collateralize self-insured worker's compensation liabilities.

California Department of Industrial Relations Director Christine Baker this week approved the implementation of the 2014/15 Alternative Security Program. Operated by the non-profit California Self Insurers' Security Fund within the department, the program provides financial guarantees to replace security deposits required to collateralize self-insured worker's compensation liabilities. It frees $7.54 billion in working capital and gives self-insured California businesses greater financial flexibility, according to DIR.

The participation fee for the guarantee program was also reduced 10 percent from a year ago.

"Self-insurance and the ASP are two innovative ways that California supports businesses and helps them reinvest their capital," said Baker. "With worker's compensation representing a significant expense to businesses, this program benefits both the businesses and the larger California economy."

"Self-insurance offers tremendous advantages and substantial cost savings to California employers," added Jon Wroten, chief of DIR's Office of Self Insurance Plans. "With program improvements and streamlining efforts, it is now possible for a company wanting to enter self-insurance to move from initial application to fully insured in less than two weeks."

California currently has more than 9,850 employers protecting more than 4 million workers – one in every four California workers -- through self-insurance comp plans. All employers in California must have worker's comp insurance.

Download Center

  • Hand Safety Program

    Hand injuries are the #1 preventable industrial accident worldwide. In REThinking Hand Safety, the most comprehensive book on hand safety, you'll learn how top companies have reduced hand injuries by up to 90% and what the most successful hand safety programs have in common. Get your free copy today!

  • Free 1-on-1 Consultations

    Is your company ready to reduce hand injuries? Schedule a free meeting with a Superior Glove hand safety expert and learn how to reduce hand injuries, lower PPE costs, and increase worker productivity. Our 1-on-1 consultations offer personalized advice and recommendations for your specific needs and concerns.

  • Glove 101 Guide

    Choosing the right safety gloves for your workers can be a daunting task. That’s where some basic knowledge of gloves can really come in handy! In this comprehensive guide you’ll find key information you need to know about safety gloves from types of gloves and materials to additives, treatments, safety standards, and more.

  • Sample Program

    Find the right safety gloves for your team and try before you buy—in just 3 easy steps! Simply add the products you want to try to your sample box, complete the sample request form, and wait for your samples to arrive at no cost to you.

  • Water Protection Product Guide

    Find the right safety gloves for your workers that are designed to protect in wet environments. From light and flexible to heavy duty, find the best water-resistant gloves with mechanical protection to safeguard workers.

  • Superior Glove

Featured Whitepaper

OH&S Digital Edition

  • OHS Magazine Digital Edition - November December 2022

    November December 2022

    Featuring:

    • IH: GAS DETECTION
      The Evolution of Gas Detection
    • OSHA TOP 10
      OSHA's Top 10 Most Frequently Cited Standards for FY 2022
    • FALL PROTECTION
      Enhance Your Fall Protection Program with Technology
    • 90TH ANNIVERSARY
      The Future: How Safety WIll Continue to Evolve
    View This Issue