Republic Indemnity Company Of America Tier 1.2’s average rate decreases by -0.40% — effective 9/1/2023

Republic Indemnity Company Of America Tier 1.2 has filed with the California Department of Insurance to revise its base rates for workers’ compensation policies effective September 1, 2023.  This change has a direct effect on the price policyholders pay for coverage.


How will this affect pricing?

Consider how the average rate* effective for September 1, 2023 for this issuing company is changing compared to the prior policy period:


 Issuing Company

Average Rate
Eff 9/1/2022

Average Rate
Eff 9/1/2023

% Change

Republic Indemnity Company

Of America Tier 1.2





*Average rate calculation does not include per capita or per race rates (7707 – Firefighters – volunteers, 7722 – Police, Sheriffs – volunteers, or 8278 – Jockeys).


Will policyholders pay less if the average rate decreases?

It is important to keep in mind that not all rates will change uniformly. Rates for some policyholders could go up and some could go down. To make a fully informed buying decision, you will need to know exactly how pricing will change for your specific policy.


For example, the table below shows how some of Republic Indemnity Company Of America Tier 1.2’s individual rates are changing compared to the prior policy period:


 Class - Description

Advisory Rate
Eff 9/1/2022

Advisory Rate
Eff 9/1/2023

% Change

2501 - Clothing Mfg




9059 - Day Care Centers




3632 - Machine Shops




9079 - Restaurants/Taverns




8834 - Physicians




8018 - Stores—wholesale





What should I do with this information?

If you are an employer or insurance buyer, ask your agent or broker for a pre-quote estimate that illustrates how these changes will affect your budget.  If your rates are going down, you could save money.  If they are increasing, you will need to plan accordingly.


If you are an insurance professional (agent, broker or underwriter), share this information with your clients and offer to provide pricing insight. Understanding exactly how these changes affect pricing could impact how you market your renewals.



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