Remove Broker Remove Broker-Agent Remove Workers Compensation
article thumbnail

The Hidden Cost of Bad P&C Insurance Data — And Why You Can’t Build a Reliable Dataset In-House

Neilson Marketing Services

across personal and commercial lines 6%–12% on workerscompensation And often lower for networked or fee-split agencies So, a $10M premium book might only generate $1.25M in revenue, but public data vendors still classify it as a “$10M agency.” Mistaking premium volume for revenue.

article thumbnail

Working With Unions on Return-to-Work: 8 Steps for Gaining Support and Avoiding Conflict

AMAXX

Return-to-work (RTW) programs are one of the most effective strategies for reducing workerscompensation costs and improving recovery outcomes. Communicate the Value of RTW to the Union Meet with union reps or the business agent early and often. You should consult with your insurance broker, attorney, or qualified professional.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding the Key Parties in Workers’ Compensation

AMAXX

Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers Comp In 90 Days” 3. Brokers and Agents: Employer Advocates Brokers serve as intermediaries between employers and insurance companies. You should consult with your insurance broker, attorney, or qualified professional.

article thumbnail

5 Tips for Building an Insurance Client Base

Word & Brown

2: Partner with others offering complementary services If your niche is employee benefits, you may be able to build a professional relationship with firms engaged in accounting, payroll services, human resources, legal services, and other insurance professionals with a different focus (P&C, workerscompensation, commercial umbrella, etc.).

article thumbnail

Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

WorkersCompensation Insurance California law requires businesses with employees to have workerscompensation insurance. Why it’s critical in California : Failing to carry workers’ comp can lead to fines and penalties. Secure your IT business today—because peace of mind is priceless.

article thumbnail

5 Best Practices for Effective Claims Reviews

Risk Management Monitor

In addition to claims experts, it may also be helpful for the carrier’s loss control team to attend, as well as agent/broker staff. As a result, within about two years, the program cut the manufacturer’s workers compensation loss ratio roughly in half.

article thumbnail

5 Clear Signs It’s Time to Consider a Website Redesign

Word & Brown

If youre a partner with the Word & Brown General Agency, dont overlook your ability to broaden your services to clients to include Disability Income Insurance from a roster of carriers and Workers Compensation though Word & Browns partnership with CompNet Insurance Solutions. Theres no P+C license required.