If you are planning a very big project, please contact us with the details.
Mega projects are lucrative and create a lot of jobs. But they are often short duration, high-risk ventures. Workers are paid well, and are out of work when the job’s done.
Mega projects pose a challenge to the workers’ compensation system, so we expect to be involved early in the planning process.
- Mega projects don’t fit our insurance model, which averages costs and risks over a 10-year period and spreads them over whole industry groups through assessment premiums.
- Workers often earn more than the maximum wage rate, so they’ll try to work through their injuries and then file claims once they are laid off.
- Because the employment ends once the project is done, it is hard to reduce the claim duration.
- And any leftover claim costs are carried by the long-term employers, who could see steep assessment rates for a decade after your project is gone.
Our policy is to work with you to minimize any impacts on our compensation system.
For more information, see Policy EA-11 Mega Projects.
Contact us and discuss your project with our Director of Assessments.