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Important Worker’s Compensation News

 

Updated: October 25, 2017

AB 2883 affected all new, renewal and inforce Workers’ Compensation policies related to the exclusion of officers, directors, partners and members effective January 1, 2017. Recently, the governor signed SB 189 clarifying some of the provisions of this new law.

 

As a reminder, with AB 2883, any eligible individual (officer, director, general partner, and managing member) electing exclusion from workers’ compensation benefits must provide a signed waiver to the insurance company. SB 189 permits insurers to backdate – to January 1, 2017 – any waivers received on or before December 31, 2017.

 

This change means that any policyholders who are eligible for exclusion under the current law, but who did not submit waivers, have another opportunity to do so and have their waivers backdated. This change also means that insurance companies can backdate any waivers received after the original December 31, 2016 deadline.

 

While it is not mandatory for an insurance company to accept backdated waivers under SB 189, we anticipate that most carriers will do so. Eligible policyholders will receive more information directly from their insurance carriers.

 

Please do not hesitate to contact Basi Insurance Services with any questions or concerns. We are eager to work with you in meeting the requirements of these evolving laws.

AB 2883 Important Reminders

·         Individuals/Sole Proprietors and spouse and family members were not affected by this law.

·         Eligible for exclusions are:

o   Corporations, officers and directors (i.e., members of the Board of Directors) who now meet a 15% ownership threshold.

o   In partnerships, General Partners only.

o   In LLCs, Managing Members only.

·         Grantors or revocable trusts are no longer deemed shareholders and do 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.

 

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

“Knowledgeable. Returns my calls promptly. Always helpful.”
- Jean B.
“Always available when we need them”
- Andy J.
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
I like how personal ALL staff is. They don’t make you feel like a number.
- J. Heedahl-Petersen
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
Professional staff, with outstanding product knowledge. Fast response to inquiries and great customer service
- Jerry Bettencourt
“Have always appreciated doing business with Randy Basi and the wonderful staff that is always ready to help us over the phone.”
- Stuart B.
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
“Overall, very good service”
- Cynthia B.
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.