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

AMAXX

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Let’s look at how payroll and class codes affect your mod, and how to keep them accurate to protect your bottom line. means fewer-than-expected claims and lower premiums. A mod below 1.00

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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. Understanding how these two factors interact can help businesses reduce their premiums and improve workplace safety.

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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. 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.

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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 workers’ compensation insurers are required to collect from policyholders to cover the budget of the state Division of Workers’ Compensation (DWC) and five related programs set up by state lawmakers.

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Increase Your Commissions by Selling Disability Insurance

Word & Brown

Having disability insurance can help an individual maintain a regular income (and associated lifestyle) when unable to work due to a new illness or injury. Disability insurance can help your clients avoid depleting their emergency funds or retirement savings when facing disability. LTD plans may differ.

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Identifying and Preventing Provider Fraud in Workers Comp Cases

Risk Management Monitor

Claimant fraud and premium fraud are two of the most well-known types of workers compensation fraud. In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Reflect on: – How much you can comfortably allocate from your business budget for insurance premiums. It’s like finding a sweet spot—insurance that doesn’t overspend your resources but still offers peace of mind. – Property Insurance : Protects physical assets from perils like fire, theft, and vandalism.