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Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. It's the same story as was originally published in 2019, just more intense! Rates in 2024 fell an average of 10.5% compared to 2023, which is the most dramatic reduction in over a decade.

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

AMAXX

The Role of Class Codes Workers’ compensation insurers use class codes to categorize the type of work your employees perform. Consult your broker or insurer. You should consult with your insurance broker, attorney, or qualified professional. Each code reflects the inherent level of risk in that job.

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Crash Course in Work Comp Motor Vehicle Accidents

AMAXX

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. You should consult with your insurance broker, attorney, or qualified professional. All state laws vary.

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Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

Workers compensation provides a structured approach to managing the costs associated with employee accidents and work-related illnesses. Predictability in Costs Workers compensation insurance can transfer a portion of the financial risk associated with workplace injuries to the insurance company.

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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. Workers’ Compensation Insurance California law requires businesses with employees to have workers’ compensation insurance.

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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 workers’ compensation insurance. You should consult with your insurance broker, attorney, or qualified professional. All state laws vary.

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Increase Your Commissions by Selling Disability Insurance

Word & Brown

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. Work-related disability is covered by Workers Compensation insurance.