Self Insured Groups-Captives: FPCA

Food Products of California Worker's Compensation Program, Inc. (FPCA)

— Group Program Benefits

Innovative Approach To Traditional Workers’ Compensation Insurance For Food Products

  • Accepted standard industry code (SIC) 20: meat & meat products, confectionery, dairy products and related products
  • Rates can be reduced as much as 30% less than traditional insurance or State Fund rates
  • Future premium savings, as well as savings from reduced administrative costs
  • Improved cash flow through elimination of advanced premium payments
  • Approved and regulated by California Department of Industrial Relations
  • Excess and aggregate insurance coverage provided by “A” rated national insurance carrier
  • State certified and approved Safety and Loss Control programs
  • Improved loss experience through more effective loss prevention and loss control
  • Board of Trustee participation through underwriting review and approval process
  • Improved service and control through specialized Workers’ Compensation Industry professionals
  • Industry specific, dedicated and experienced program administrators and claims’ management adjusters
  • Long-term stability, as well as potential for dividend returns from loss and expense-fund surpluses
  • Self-Insured program with 100% group surplus and interest income owned by its members

— Initial Submission Requirements

  • Accord and program application inclusive of SIC code and experience modification
  • Five years of currently valued loss information
  • Description of losses in excess of $50,000
  • Five years of historical payrolls and premiums
  • Estimated payroll for 2006-2007 by class code
  • Latest year-end financial statement
  • Supplemental information may be required

— Eligible Classes

Class Code Description Class Code Description
0034 Poultry Raising 2109 Fruit-dried fruit packing
2002 Macaroni Mfg 2111 Canneries
2003 Bakeries & Cracker Mfg. 2113 Canneries-fish
2014 Grain or Rice Milling 2116 Fruit Juice Mfg.
2014 Feed Mfg. 2117 Vegetable or Fruit Processing - Frozen
2030 Sugar Mfg. or Refining-beet/cane 2121 Breweries or Malt Houses
2063 Creameries & Dairy Products Mfg. 2142 Wineries
2095 Meat Products Mfg - NOC 2142 Distilling
2102 Fruit or Vegetable Dehydrating 2142 Vinegar Mfg.
2106 Olive Handling 2150 Ice Mfg. Or Ice Dealers
2106 Pickle Mfg. 2163 Bottling- Beverages
2107 Fruit-fresh fruit packing 6504 Confections & Food Sundries Mfg. Or Processing
2108 Fruit-citrus fruit packing 8021 Meat Dealers Wholesale

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