As the number of small privately-owned businesses in California increases, more are going out of business because of
disgruntled employee complaints and lawsuits lost because of missing
documentation. Many of these large claims are settled for nuisance
value, but the cost to the businesses is catastrophic.
Worker's Compensation insurance is only one example of where the 25% to
50% rate increases are driving these small companies into premature
bankruptcy. Employee theft of inventory, customers databases and
trade secrets alone costs California companies millions of dollars every
year.