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Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

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.

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Part 1: Workers’ Comp Independent Premium Audits Explained

AMAXX

Click Link to Access Free PDF Download “Workers’ Comp Claims Review Checklist: 9 Must-Have, Serious-Impact Elements” A common and costly mistake employers make is overlooking allowable payroll deductions. Employer Classification Classifying employers properly is the cornerstone of accurate premium assessment.

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

Word & Brown

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. Other health care-related expenses may also be deductible for your clients, depending on their incomes.

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Workers’ Comp Cost Formula To Accurately Assess Your Risk

AMAXX

When you put all these things together, it ends up being your total workers’ comp cost. Michael Stack, CEO of Amaxx LLC, is an expert in workerscompensation cost containment systems and provides education, training, and consulting to help employers reduce their workerscompensation costs by 20% to 50%.

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

LexisNexis

Oakland, CA -- The California Department of Industrial Relations (DIR) has issued the 2025 assessments that workerscompensation insurers are required to collect from policyholders to cover the budget of the state Division of WorkersCompensation (DWC) and five related programs set up by state lawmakers.

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9 mental health insurance questions consumers should ask

Healthinsurance.org

For example, some plans might cover various services with copays from the outset, while other plans might require you to meet your deductible (which could be thousands of dollars) before the plan starts to pay for any care. Which services, if any, are covered with copays rather than a deductible?

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5 Best Practices for Effective Claims Reviews

Risk Management Monitor

For instance, frequent third-party claims for premises liability may have led to restrictions on Med Pay coverage or a higher deductible to give the customer a bigger stake in safety measures. As a result, within about two years, the program cut the manufacturer’s workers compensation loss ratio roughly in half.

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