Cracking the Code: Creating New Workers' Comp Classifications for Restaurants

This episode of The Self-Insurance Podcast explores the transformative shifts in workers' compensation for the California restaurant industry. Kaya Stanley, CEO of CRMBC, sits down with WCIRB experts Julia Zhang and Carrie Kosnik to discuss introducing new classification codes designed to more accurately reflect the diverse operations within the restaurant sector.

Learn about the meticulous study that led to this significant change, understand the implications for restaurant owners, and discover how these new classifications aim to ensure fairer rates and enhance workplace safety across the industry. A must-listen for restaurateurs looking to navigate the complexities of workers' comp with greater ease and efficiency.

See more information on restaurant classifications from WCIRB here.

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Chapters

• 0:00 Introduction to Self Insurance in the Restaurant Industry
• 0:17 Launching the Podcast: A Deep Dive into Workers' Compensation
• 1:32 Meet the Experts: Unveiling New Classifications in Workers' Comp
• 2:32 Exploring the WCIRB: Its Role and Impact
• 3:56 The Study Begins: Identifying New Restaurant Classifications
• 6:14 Diving Deeper: Analyzing Risks and Costs Across Segments
• 8:46 Real-World Implications: How Changes Affect Brokers and Owners
• 12:37 Looking Ahead: Data Collection and Future Rate Impacts
• 14:42 Closing Thoughts and Resources