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The Big Impact of Payroll & Class Codes on Your Experience Mod

AMAXX

The Role of Class Codes Workerscompensation insurers use class codes to categorize the type of work your employees perform. Each class code has its own rate , representing the cost of insurance per $100 of payroll for that job. High-risk jobs have higher rates because they’re more likely to result in injuries.

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Crash Course in Work Comp Motor Vehicle Accidents

AMAXX

On occasion, work injuries arise for employees traveling in motor vehicles. As a general rule, workers compensation insurance is the primary insurance, which requires the claim team to investigate and make determinations regarding compensability and subrogation rights.

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Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

Workerscompensation programs are a cornerstone of workplace safety and risk management. While their primary purpose is to ensure employees receive medical and wage replacement benefits for work-related injuries, they also offer critical advantages to employers.

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Understanding the Impact of Frequency and Severity on Workers’ Compensation Premiums

AMAXX

These metrics are fundamental in determining the experience modification factor (often called “mod”), which ultimately influences the cost an employer will pay for workerscompensation insurance. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Why it’s critical in California : Earthquakes and wildfires are common threats, making comprehensive property insurance a must for California-based businesses. WorkersCompensation Insurance California law requires businesses with employees to have workerscompensation insurance.

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Increase Your Commissions by Selling Disability Insurance

Word & Brown

Having disability insurance can help an individual maintain a regular income (and associated lifestyle) when unable to work due to a new illness or injury. Disability insurance can help your clients avoid depleting their emergency funds or retirement savings when facing disability. LTD plans may differ.

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Drive Sales Growth and Increase Client Satisfaction With Workers’ Comp

Word & Brown

All businesses with workers in California and Nevada are required to have Workers Compensation Insurance. But do you know that Word & Browns partnership with CompNet Insurance Solutions makes it easy for you to offer Workers Comp coverage? What Is Workers Comp? Nevada followed in 1913.