Compensation, Injury and Premium - Insurance Industry Brief

Understanding Classification Rules in Workers’ Compensation

AMAXX

FEBRUARY 18, 2025

When it comes to managing workers’ compensation, understanding classification rules is fundamental. These rules not only influence the amount you pay in premiums but also help ensure that your company is correctly classified based on the work it performs. This can free up resources for other areas of your business.

Workers Compensation

Workers Compensation Compensation Workers Comp Premium

From Data to Prevention: How Injury Tracking Can Reduce Future Claims

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. The same injuries happen again and again. The result?

Injury

Injury Workers Comp Claim Workers Compensation

Part 2: Workers’ Comp Independent Premium Audits Explained

AMAXX

MARCH 24, 2025

In this three-part series, we are examining nine elements of independent premium audits to help you better understand and control your workers’ compensation premiums. These foundational aspects are crucial for ensuring accurate premium calculations and avoiding costly mistakes.

Workers Comp

Workers Comp Premium Workers Compensation Compensation

Mistake: Accepting Every Workers’ Compensation Claim

AMAXX

MARCH 18, 2025

Many companies operate under an unwritten rule: accept every workers compensation claim, no questions asked. A well-managed workers compensation program should pay 100% of legitimate claimsand 0% of the claims that arent. Employees should know upfront that all claims will be reviewed, and only legitimate injuries will be covered.

Workers Compensation

Workers Compensation Compensation Claim Workers Comp

Part 1: Workers’ Comp Independent Premium Audits Explained

AMAXX

MARCH 24, 2025

When an employer receives a revised workers’ compensation premium bill, the accuracy of the bill can be uncertain and confusing. To ensure fairness and correctness, an independent premium audit is highly recommended. Payroll Information A critical step in any premium audit is the review of an employer’s payroll.

Workers Comp

Workers Comp Premium Injury Workers Compensation

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

AMAXX

JULY 17, 2025

When it comes to workers’ compensation costs, many employers focus on claims management, safety programs, and return-to-work initiatives. Your experience mod is essentially your company’s credit score for workers’ compensation. means fewer-than-expected claims and lower premiums. They Influence Your Premium Basis.

Workers Comp

Workers Comp Workers Compensation Premium Injury

Frequency vs. Severity: Which Hits Your Work Comp Mod Harder?

AMAXX

JULY 15, 2025

When it comes to workers’ compensation costs, few topics spark more debate—and confusion—than the question: Which is worse for my experience mod: many small injuries or one big one? It compares your actual workers’ compensation losses to the losses expected for similar businesses in your industry. Let’s break it down.

Workers Comp

Workers Comp Workers Compensation Injury Premium

The Grand Bargain: How Workers’ Comp Became a Win-Win for Employers and Employees

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. When injuries occurred, the only recourse available to the worker was to sue their employer for negligence. Thus, the Grand Bargain was born.

Workers Comp

Workers Comp Injury Workers Compensation Claim

Why Return-to-Work Ratios Are the Most Overlooked Metric in Workers’ Comp

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. The Return-to-Work Ratio measures the percentage of injured employees who return to work within 0–4 days of the injury. The RTW Ratio is simple to calculate but incredibly powerful.

Workers Comp

Workers Comp Workers Compensation Injury Claim

The OSHA Mindset Shift: From Compliance Burden to Strategic Advantage

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. OSHA Compliance as a Cost-Saving Strategy Workplace injuries are expensive. Heres how: 1.

Workers Comp

Workers Comp Workers Compensation Injury Compensation

Why Reporting Small Claims Pays Off in ERA States

AMAXX

JULY 14, 2025

When it comes to workers’ compensation, small claims might seem harmless. This discount exists to remove the fear that reporting small claims automatically increases your mod and your premiums. Many employers fear reporting will lead to higher premiums. Unreported injuries can: Become expensive later. Not always.

Claim

Claim Out-Of-Pocket Workers Comp Workers Compensation

NCCI AIS 2025: Key Insights on Workers Comp

Triple-I: Workers Compensation

MAY 20, 2025

William Nibbelin, Senior Research Actuary, Triple-I Economic uncertainty, industry-specific trends, and evolving risks were the focus of the NCCI Annual Insights Symposium (AIS) 2025 a key event for the workers compensation industry. Key Findings Premium: Workers compensation net written premium decreased by 3.2

Workers Comp

Workers Comp Workers Compensation Compensation Claim

Part 3: Workers’ Comp Independent Premium Audits Explained

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

Workers Comp Premium Workers Compensation Compensation

10 Mistakes That Blow Up Workers’ Comp Costs (and How to Avoid Them)

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. If you’re serious about lowering premiums, reducing claim durations, and improving outcomes for injured workers, start by identifying and correcting these ten common pitfalls.

Workers Comp

Workers Comp Workers Compensation Injury Claim

Business Owner’s Policy for Restaurants

Distinguished

MAY 19, 2025

Why Restaurant Need a Business Owners Policy Restaurants are fast-paced, high-risk environments that face frequent challenges from customer injuries and equipment breakdowns to power outages and spoiled inventory. Distinguished offers competitive pricing with low minimum premiums and flexible quoting.

Policy

Policy Business Owners Policy General Liability Liability

The Hidden Cost of Letting Injured Employees Stay Home

AMAXX

JULY 30, 2025

Multiply that by several injuries—and you’ll see how quickly those numbers can spiral out of control. How the Cost Adds Up When an employee stays out of work after an injury, you’re not just paying their workers’ compensation indemnity benefits. But that’s not the full story.

Workers Comp

Workers Comp Injury Workers Compensation Out-Of-Pocket

Why We’re Still Talking About the J&J Class Action ERISA Lawsuit

R&R Insurance

MAY 7, 2025

The court found the plaintiffs first claim, that she paid more in premiums due to the defendants purported breach of fiduciary duty during the plans negotiation process, did not sufficiently show evidence of an injury and was at best, speculative and hypothetical.

Out-Of-Pocket

Out-Of-Pocket Injury Premium Claim

Why New Hires Get Hurt—and How to Stop It

AMAXX

JULY 10, 2025

You’re facing lost time, medical costs, and skyrocketing workers’ compensation expenses. The New Hire Injury Spike: By the Numbers Multiple studies back up what many employers already suspect: 35% of all workplace injuries happen in the first year. 44% of construction injuries hit first-year workers. Sound familiar?

Injury

Injury Workers Comp Workers Compensation Claim

Understanding Negligence and Liability for Small Businesses – Protect Insurance

Protect Commercial Insurance

JULY 18, 2025

And finally, there must be damages – a real injury or financial loss. Even if you never intended harm, a single incident can lead to hefty legal fees, compensation payouts, reputational damage and higher premiums in future. First, there has to be a duty of care – a legal responsibility to act in a certain way.

Liability

Liability Protection Commercial Insurance Commercial

Significant Tort Reform Advances in Louisiana

Triple-I: Homeowners Insurance

MAY 27, 2025

The new legislation addresses Louisiana’s longstanding challenges with high insurance premiums and the states reputation for being plaintiff-friendly in civil litigation. Jeff Landrys signature.

Injury

Injury Damage Home Insurance Compensation

Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

MARCH 20, 2025

For example, a resident suffered severe injuries a fractured tibia and fibula after slipping on black ice while walking to her car. It covers physical damage to the other vehicle, bodily injuries, medical expenses for anyone injured (other than the insured driver), and legal expenses if the insured is sued for negligence.

Building

Building Protection Damage Liability

How Collaborative Return-to-Work Programs Outperform Traditional Approaches

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

Workers Comp Workers Compensation Injury Claim

Tax Season Spotlight: Word & Brown Offers Smart Ways Your Clients Can Save Money – on Taxes and Elsewhere, Too

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

Deductible Premium Out-Of-Pocket Insurance Policy

Compare Disability Insurance Quotes Online!

Simply Insurance

JUNE 12, 2025

Heres a quick look at how different benefit periods can affect your monthly premiums. Benefit Period Monthly Premium Notes 1 Year $50 Short-term coverage 5 Years $75 Medium-term coverage Until Retirement $120 Long-term coverage How Much Does a 2 Years Disability Insurance Policy Cost? Heres what you might expect to pay.

Understanding Classification Rules in Workers’ Compensation

From Data to Prevention: How Injury Tracking Can Reduce Future Claims

Trending Sources

Part 2: Workers’ Comp Independent Premium Audits Explained

Mistake: Accepting Every Workers’ Compensation Claim

Part 1: Workers’ Comp Independent Premium Audits Explained

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

Frequency vs. Severity: Which Hits Your Work Comp Mod Harder?

The Grand Bargain: How Workers’ Comp Became a Win-Win for Employers and Employees

Why Return-to-Work Ratios Are the Most Overlooked Metric in Workers’ Comp

The OSHA Mindset Shift: From Compliance Burden to Strategic Advantage

Why Reporting Small Claims Pays Off in ERA States

NCCI AIS 2025: Key Insights on Workers Comp

Part 3: Workers’ Comp Independent Premium Audits Explained

10 Mistakes That Blow Up Workers’ Comp Costs (and How to Avoid Them)

Business Owner’s Policy for Restaurants

The Hidden Cost of Letting Injured Employees Stay Home

Why We’re Still Talking About the J&J Class Action ERISA Lawsuit

Why New Hires Get Hurt—and How to Stop It

Understanding Negligence and Liability for Small Businesses – Protect Insurance

Significant Tort Reform Advances in Louisiana

Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

How Collaborative Return-to-Work Programs Outperform Traditional Approaches

Tax Season Spotlight: Word & Brown Offers Smart Ways Your Clients Can Save Money – on Taxes and Elsewhere, Too

Compare Disability Insurance Quotes Online!

Who Really Pays for Workers’ Comp? Debunking a Common Myth

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