Category Archives: National Workers Compensation
2014 Workers Compensation Market Outlook
It was predicted that 2013 would be a challenging year in the workers compensation marketplace and that certainly proved to be the case. In 2014, I would expect the challenging conditions highlighted by the current trend of a tightening work … Continue reading
Understanding Your Workers Compensation Loss Runs
Employers are always looking for ways to increase workplace safety and to reduce workers comp insurance premiums. Carefully reviewing and analyzing workers comp insurance loss runs is one way to accomplish this. Loss runs are essentially a data summary of … Continue reading
Drugs Policies and Safety Programs relating to the Workplace
We don’t need another Lindsey Lohan story on Star Magazine to point out the ill effects drugs can have on our lives, but when it comes to the workplace; slowed response times, blurry vision, impeded depth perception to name a … Continue reading
Workers Compensation Payroll Audit – Process and Result
It’s important for employers to fully understand the nuts and bolts of a workers comp audit. Many employer find themselves owing huge audit bills due to poor planning or attempting to reduce the startup cost for coverage. Workers Compensation insurance … Continue reading
Evolution of Workers Compensation
According to The Iowa Orthopedic Journal, workers compensation insurance in its basic form can be dated back as far as 2050 BC from ancient Sumeria and similar forms of compensation are seen in Greek, Roman, Arab and Chinese law to … Continue reading
Creating a Safer Working Environment in Restaurants
All workplaces should aspire to be as safe as possible for a number of reasons. At the top of the reasons to focus on safety is to keep your employees healthy and happy. Safety also helps to reduce the cost … Continue reading
FirstComp and The Insurance Shop Team up for Pay As You Go Workers Comp
At The Insurance Shop, we have always wanted to work with insurance carriers that are forward thinkers and understand the importance of the changing marketplace. It is with that idea in mind that The Insurance Shop and Markel First Comp have … Continue reading
Should I consider a self-funded captive program?
This is one of the more common questions that I get from many of our larger premium clients. Almost always, I answer with a definitive yes. Any company that has premiums in excess of $250,000 should be considering creative and alternative ways to … Continue reading
Workers Compensation Owner and Officer Inclusion and Exclusion
For workers compensation insurance, owners and officers of companies are treated differently from employees. In many cases, workers compensation for such individuals is elective. There are often specific rules, and those rules generally vary from state to state. In Florida, laws … Continue reading
How can I Lower my Workers Compensation Premium?
Workers Compensation is often a large portion of overall Property and Casualty insurance costs. Many business owners look at the workers compensation premium and wonder how they can reduce the overall cost of the insurance policy. The following ideas can … Continue reading