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

AMAXX

When it comes to workerscompensation costs, many employers focus on claims management, safety programs, and return-to-work initiatives. These two factors can dramatically influence your experience modification factor (mod) and ultimately how much you pay for workers’ comp insurance. What Is the Experience Mod?

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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. 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.

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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. Now is the time to consider these factors to reduce workers compensation program costs. All state laws vary.

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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. Exclusivity: Protection Against Lawsuits One of the most significant benefits of workers compensation for employers is the exclusive remedy provision.

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

AMAXX

When it comes to calculating workerscompensation premiums, two critical factors play a significant role: the frequency and severity of claims. Frequency: The Stronger Driver of Premiums In the world of workerscompensation, frequency refers to how often claims are filed.

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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.

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Blog Post: Frequently Asked Questions on Complex Employment Issues for California Workers’ Compensation

LexisNexis

Rassp, Presiding Judge, WCAB Los Angeles, California Division of WorkersCompensation Disclaimer: The material and any opinions contained in this article are solely those of the authors and are not the opinions of the Department of Industrial Relations, Division of WorkersCompensation, or the WCAB, or any other entity or individual.