Author, Lauren Stumpf, Media Communications & Client Services Specialist, Rancho Mesa Insurance Services, Inc.
Rancho Mesa's President Dave Garcia and Vice President of the Landscape Group Drew Garcia discuss preparing for rising workers’ compensation costs, in a recent article published by the National Association of Landscape Professionals (NALP) The Edge.
The Garcia’s shared their professional opinions and forecasting for where the workers’ compensation marketplace is headed and what is causing this shift.
Drew includes beneficial recommendations business owners can take to offset rising costs.
“Some landscapers may say, ‘Oh, I haven’t had a claim in five years. So it doesn’t affect me,’” says Dave Garcia. “But that won’t be the case as all companies will experience a hardening marketplace. All companies will be impacted regardless of individual losses since insurance, by definition, is a spread of risk among all businesses.”
To learn how you can be proactive in preparing for rising workers’ compensation costs, please contact Drew Garcia at (619) 937-0200 or drewgarcia@ranchomesa.com.