Remove Deductible Remove Injury Remove Workers Comp
article thumbnail

Part 1: Workers’ Comp Independent Premium Audits Explained

AMAXX

Payroll serves as a primary measure of the employer’s exposure to potential workplace injury and thus significantly impacts premium costs. The premium portion, $5 per hour, should be excluded from payroll calculations for workers’ compensation premium purposes. However, strict rules apply.

article thumbnail

Workers’ Comp Cost Formula To Accurately Assess Your Risk

AMAXX

And this is by documentation, by risk control systems, by your return to work plans, by your completed first reports of injury, by your injury reports, etcetera, your communication, your protocols, how you’re doing it, what’s your system, why is your mod, you know, at a 1.7, Contact: mstack@reduceyourworkerscomp.com.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

Workers’ compensation 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.

article thumbnail

Blog Post: DIR Announces 2025 California Workers’ Comp User Funding Assessment Rates

LexisNexis

The state is mailing the memos along with invoices for each company’s share of the assessments and surcharges to California workers’ comp insurers, self-insured employers and legally uninsured employers. Anyone with questions about the 2025 surcharges and assessments may email them to DIRDWC_Assessment@dir.ca.gov.

article thumbnail

5 Best Practices for Effective Claims Reviews

Risk Management Monitor

Another company may have an unusually high experience modification rate that they want to bring down by reducing the frequency of worker injuries. For instance, perhaps a restaurant chain experiences a high frequency of slip-and-fall claims from workers in its kitchens.

Claim 75