AMAXX

JANUARY 14, 2025

Exclusivity: Protection Against Lawsuits One of the most significant benefits of workers compensation for employers is the exclusive remedy provision. Under this system, employees who accept workers compensation benefits for a work-related injury or illness forfeit the right to sue their employer for negligence.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Injury 98

AMAXX

MARCH 24, 2025

In this final part of our series exploring the nine elements of independent premium audits, we turn our focus to specialized situations and nuanced adjustments auditors carefully evaluate. Auditors disallow estimates, making precise documentation vital to receiving the intended premium savings associated with this exception.

Workers Comp 59

Workers Comp Premium Workers Compensation Compensation 59

AMAXX

JULY 1, 2025

If there’s one universal truth in workers’ compensation, it’s this: The best claim is the one that never happens. Injuries occur, costs mount, and safety meetings become reactive discussions about what went wrong rather than proactive strategies to keep workers safe. Yet for many employers, the reality is different.

Injury 82

Injury Workers Comp Claim Workers Compensation 82

R&R Insurance

FEBRUARY 20, 2025

On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. Workers compensation rates are state mandated in Wisconsin, meaning all insurance carriers must use the same rates resulting in premiums from one carrier to another are basically the same.

Workers Compensation 52

Workers Compensation Insurance Carrier Premium Compensation 52

AMAXX

MAY 19, 2025

The workers compensation system may feel like a complex web of insurance premiums, claims adjusters, and legal disputesbut at its core, its rooted in one simple idea: a compromise. Why the Grand Bargain Still Matters Today Its easy to lose sight of the Grand Bargain amid the complexity of todays workers comp landscape.

Workers Comp 89

Workers Comp Injury Workers Compensation Claim 89

AMAXX

MAY 21, 2025

Ask the average employee who pays for workers compensation, and you might hear answers like the insurance company, the government, or even nobodyits just a benefit. In reality, the employer foots the bill for every dollar spent in the workers compensation system. Conversely, a clean record earns lower premiums.

Workers Comp 66

Workers Comp Workers Compensation Premium Injury 66

AMAXX

JUNE 17, 2025

When it comes to managing workers’ compensation claims, many employers focus on lagging indicators—things like claim count, indemnity costs, and days lost. When workers return quickly—even in modified roles—they stay connected to their routine, avoid psychosocial complications like depression, and recover faster.

Workers Comp 66

Workers Comp Workers Compensation Injury Claim 66

AMAXX

FEBRUARY 10, 2025

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Whatwe’retryingtodohere,whatdidnotwhatnecessarilywe,whattheinsurancecarriers,whattheunderwriterstryingtodoisthey’retryingtogetanaccurateperceptionofrisk. All state laws vary.

Workers Comp 66

Workers Comp Risk Workers Compensation Premium 66

Neilson Marketing Services

JULY 1, 2025

The Revenue Illusion: Why Premium Volume ≠ Revenue Another major misstep? Mistaking premium volume for revenue. Retail agencies don’t earn the full premium — they earn commissions, typically: ~12.5%

Building 69

Building Premium Insurance Insured 69

AMAXX

MARCH 4, 2025

By shifting your perspective from compliance-as-burden to compliance-as-advantage, you can leverage OSHA requirements to create a safer, more productive workplace, reduce workers compensation costs , and enhance your company’s reputation. You should consult with your insurance broker, attorney, or qualified professional.

Workers Comp 71

Workers Comp Workers Compensation Injury Compensation 71

AMAXX

JUNE 16, 2025

When an employee is injured on the job, a timely and thoughtful return-to-work (RTW) program can be the difference between a minor detour and a long, costly journey through the workers’ compensation system. A high mod increases your insurance premiums. Collaborative programs protect your mod by accelerating return to work.

Workers Comp 71

Workers Comp Workers Compensation Injury Claim 71

AMAXX

MAY 27, 2025

Workers compensation is often misunderstood as a fixed cost of doing businesssomething employers have to accept, manage passively, and simply write checks for. In reality, workers comp costs are one of the most controllable expenses in your organization. But that mindset couldnt be further from the truth. All state laws vary.

Workers Comp 59

Workers Comp Workers Compensation Injury Claim 59

Zywave

MAY 15, 2025

Ernst & Young predicts embedded insurance transactions could account for 30% of the total by 2028, while Deloitte recently cited expectations for embedded gross written premiums to reach $700 billion globally by 2030. Brokers enjoy similar customer access benefits, at a lower cost. Threat or opportunity?

Broker 52

Broker Insurance Insured Insurer 52

Word & Brown

APRIL 1, 2025

Individual Health Insurance Tax Deductibility If you offer individual health insurance to your clients, they may be able to include their health insurance premiums in their medical expense calculation on their taxes. Plus, your clients can save on Federal Insurance Contribution Act (FICA) taxes and Workers Compensation.

Deductible 52

Deductible Premium Out-Of-Pocket Insurance Policy 52

AMAXX

MARCH 11, 2025

Effectively managing workers compensation requires careful oversight and proactive measures to identify and prevent fraudulent or exaggerated claims. Large claims can have significant long-term impacts on premiums, experience modification factors, and overall workers’ compensation costs. All state laws vary.

Workers Comp 52

Workers Comp Claim Workers Compensation Injury 52

Property Insurance Centre

FEBRUARY 24, 2025

The Financial Toll of a Liability Claim A lawsuit can lead to crippling legal expenses, compensation payouts, and increased insurance premiums. How to Protect Your Business Get Comprehensive Insurance Ensure you have general liability insurance, professional indemnity insurance, and workers compensation if applicable.

Liability 52

Liability Protection Claim Property Insurance 52

AMAXX

JANUARY 15, 2025

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Things that we don’t understand can seem a lot more difficult than they actually are. You should consult with your insurance broker, attorney, or qualified professional. So be great.

Workers Comp 95

Workers Comp Workers Compensation Premium Compensation 95

AMAXX

JULY 30, 2024

So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. You’re gonna have to some of these premium adjustments. We’ve got things under control based on your mod.

Workers Comp 64

Workers Comp Risk Workers Compensation Injury 64

Triple-I: Workers Compensation

APRIL 4, 2022

The global insurance broker and risk advisor’s survey of more than 1,300 captives also shows that gross written premiums in this area grew from $54 billion in 2019 to nearly $61 billion in 2020. Multiple companies may also form a “ group captive.” Captive formations nearly doubled in 2020 , according to a recent survey by Marsh.

Workers Compensation 40

Workers Compensation Insurance Insured Insurer 40

Word & Brown

DECEMBER 11, 2024

Policies with shorter maximum benefit periods typically have lower premiums. State STD vs. Voluntary The California State Disability Insurance (SDI) program provides short-term and Paid Family Leave (PFL) to eligible workers when off work due to a non-work-related illness or injury, pregnancy, or childbirth.

Workers Compensation 52

Workers Compensation Injury Insurance Insured 52

Word & Brown

MAY 20, 2025

Or, more specifically, have you thought about Workers Compensation? P&C stands for “Property and Casualty” P&C insurance includes policies covering property and casualty risks like auto, homeowners, and commercial insurance, including Workers Compensation coverage. What Is P&C Insurance?

Workers Comp 52

Workers Comp Workers Compensation License Compensation 52

Triple-I: Workers Compensation

JUNE 25, 2025

P/C replacement costs will likely rise throughout the industry, leading to higher claim payouts and, consequently, premium rates. Earlier this month, for instance, the administration doubled its new steel and aluminum tariff to 50 percent – including on Canada, the largest steel supplier to the United States.

Policy 59

Policy Workers Compensation Underwriter Underwriting 59