Home > Industry Issues > Privatizing Workers’ Compensation Insurance in Washington

Privatizing Workers’ Compensation Insurance in Washington

The Building Industry Association of Washington proposed this in Vancouver, WA at their state conference. Interesting concept. In the interest of FAIRNESS, and LEVELING THE PLAYING FIELD (as the bureaucrats would say), the BIAW should concentrate their efforts on the following:

Advocate to change the method of collecting premiums on DOLLARS, not HOURS. That means the Department of  Revenue and Employment Security reporting would be aligned using percentages, not a convoluted method of non-transparent taxation trying to determine hours.

If the State would take a minute and contact the army of actuaries in the GSA basement, it would determine a goldmine of uncollected taxes as Revenue did when it changes the 2010 Resale Certificate requirements. In other words, the figures would point to over $100,000,000 in taxes (premiums) that Labor & Industries would asses–and it would not have to raise the $117,000,000 in premiums this year. Collecting all the assessed Prime Contractor Liability warrents would be good, too.

Back to the BIIA: if you want to privatize L&I, start by working with the government agencies and unions to change the method of taxation to percentage of DOLLARS like every other taxing agency in America, not HOURS. Think about it.

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