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Important Worker’s Compensation News

 

Effective January 1, 2017 a new law (AB 2883) is being put into place by the California Department of Insurance. This law will affect all new, renewal and inforce policies related to the exclusion of officers, directors, partners and members. Please note, the following changes may apply to your Worker’s Compensation policy.

 

AB 2883 Changes:

·         Entities not affected are Individuals/Sole Proprietors and spouse and family members.

·         Any eligible individual (officer, director, general partner, and managing member) electing exclusion from workers’ compensation benefits must provide a signed waiver to the insurance carrier prior to January 1, 2017.

·         For corporations, officers and directors (i.e., members of the Board of Directors) must now also meet a 15% ownership threshold in order to be eligible for exclusion.

·         For partnerships, only general partners are eligible for exclusion.

·         For LLCs, only managing members are eligible for exclusion.

·         Grantors or revocable trusts are no longer deemed shareholders and will not qualify for exclusion.

·         The requirement that 100% of the stock must be held by titled Officers/Directors in order for them to be eligible for exclusion has been eliminated.

 

With these changes coming, we are working to get a jump on the newly required filing procedures. In our efforts to update your ownership information, we ask that you assist us in completing the following information and return any requested documentation so we may notify your Workers’ Compensation carrier.

 

Each Workers’ Compensation carrier has their own response to the new law (AB2883) and their own forms to be completed and signed by any qualifying persons to request exclusion from coverage. You may or may not have already received notification from your carrier. Please respond soon to avoid the inclusion of all owners subject to the minimum/maximum payroll guidelines set for 2017.

 

Please do not hesitate to contact our office with any questions or concerns. We are ready to work through this process with you to make this filing process as seamless as possible.

 

 

Our Locations

Basi Insurance Services, Inc. - Corporate Office

1491 East G Street
Oakdale, CA 95361
Main office: 209-847-3065
Toll free: 877-590-4826
Fax: 209-848-4931

Office Hours:

Mon: 8:00 AM - 5:00 PM
Tues: 8:00 AM - 5:00 PM
Wed: 8:00 AM - 5:00 PM
Thurs: 8:00 AM - 5:00 PM
Fri: 8:00 AM - 5:00 PM
Sat: Closed
Sun: Closed

Basi Insurance Services, Inc. - Manteca Office

1000 W. Center Street
Manteca, CA 95337
Main office: 209-823-6886
Toll free: 877-590-4826
Fax: 209-848-4931

Office Hours:

Mon: 8:00 AM - 5:00 PM
Tues: 8:00 AM - 5:00 PM
Wed: 8:00 AM - 5:00 PM
Thurs: 8:00 AM - 5:00 PM
Fri: 8:00 AM - 5:00 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

I have never had an agent come to my place and explain so well what is covered and not covered [referring to agent Pep Sotelo]
- D. Beaty
Thank you again. Number one reason I don’t look for other carriers, You all treat us so well and the customer service is the best.
- Denise Gabriel
The best thing about Basi Insurance is their professionalism, courtesy, and thoroughness. They're always happy to talk with me and help me out. Thank you!
- Patrick C.
“Randy Basi always goes above and beyond to assist us in the best way possible.”
- Cameron S
"Any questions I've ever had are always answered. I am always greeted at the front desk with a smile. {Basi Insurance staff} are always patient with me even if things are ‘complicated’. They have always gone above and beyond the call to help us get the best service possible. GREAT office! Thank you!"
- S. Van Vliet
Jon Mutoza is our agent. We have a lot of different policies with Basi. Jon provides honest, good, prompt customer service. We can pick up the phone and call Jon and he always answers our questions and helps us with our issues.
- Olinda Carvalho
Dale Basi and the whole team at Basi Insurance does an exceptional job with all my insurance needs. I have been with them for over 7 yrs and they have always been there to resolve any problems I have.
- Khanh Dinh
I was surprised and pleased to find the boss HIMSELF come to my place and review my policy. Talk about personal service!
- Cynthia Boyko
The owner and his staff are always very quick to respond to any of my concerns and help me to keep my policies up to date and are always watching my needs.
- Scott Goodreau
Recently we went through the mozzers of an automobile accident. It really freaked us out. We dealt with your staff, and the whole office was very helpful and and professional. Kudos to all of you and thank you very much for what you have done for us.
- Hendrik and Gerda Bomer
Professional staff, with outstanding product knowledge. Fast response to inquiries and great customer service
- Jerry Bettencourt
We have a complicated policy, so it gets confusing. I usually end up having to call the office ladies; however, these women, and their kind and cheerful personalities, make it easy to stop in and ask whatever questions I have. they do everything they can to help me and ALWAYS do it with a smile.
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We really enjoy speaking to a live person when calling the office.
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I have enjoyed the excellent customer service and attention to me and my family, it is peace of mind to have quality people assisting you when needed
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Great customer service; quick, efficient and polite staff. Problems always get resolved with minimum stress.
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Basi Insurance has served me and my company VERY well. They've solved all the problems we have thrown at them. Keep up the good work!
- Jim Tyson
Randy Basi and his entire staff have always been kind and curteous to even the dumbest of questions we may have. He always speaks to us in laymen's terms, so we always understand what he's suggesting or investigating for us!!
- Dan and Karla Ciarolla
Dear Jon & Staff, Thank you so much for helping us with insurance for our granddaughter, fixing my big mistake and being so kind when we call. Your service is better than any service I’ve ever experienced! ” – Sincerely, Michelle P.
- Michelle P.
"Being able to sit down with my agent Cher and go over my policy, knowing she has my best intentions at heart is the best thing about Basi Insurance. I love that she explains everything to me so I understand exactly what my policy covers".
- Laura C.