Category Archives: National Workers Compensation
1099 Labor for Workers Compensation Insurance
1099 Labor- Is it really saving you anything? Through the good times and the bad, business owners are always looking for a way to improve their bottom line. For many companies a place many businesses look to save money is within … Continue reading
What is the difference between a traditional W-2 employee and a 1099?
A W-2 employee is a direct employee of a company. When they receive a paycheck, that employee has had deductions for federal and state taxes, Social Security contributions, etc. On a 1099, the payment earned will be listed, but there … Continue reading
Posted in General, National Workers Compensation
Leave a comment
2013 Workers Comp Market Conditions
Overall, the 2013 Workers Comp Market Conditions are becoming more challenging as industry-wide hardening continues. Carriers continue to pull out of the marketplace due to financial pressures faced by workers comp providers. For many business owners, the days of focusing … Continue reading
Reducing Workers Compensation Costs by Separating Payroll by Class Code
Reducing Workers Compensation Cost: Separating Payrolls with Multiple Class Codes When multiple workers compensation class codes apply to a business, typically each of the codes have a different rate per $100 of payroll. When the end of policy payroll … Continue reading
Can I Reduce the Cost of Workers Comp Coverage?
If you have a business and are required to carry workers compensation coverage, the question that most employers ask themselves is “What can I do to keep the cost of my insurance as low as possible?” The answer is not … Continue reading
Workers Comp Claims Management Practices Help Control Costs
As medical related costs increase, they drive up the cost of workers compensation insurance with them. While preventing workplace injuries is always the primary goal, it is also important to have an established claims management process in place before a … Continue reading
What Does it Mean to Include or Exclude an Owner or Officer from Workers Compensation Coverage?
Whether you are a 1 or 2 man shop or a 100+ employee company one important area to address is whether you, as the owner of the company or company officer, should include yourself in coverage on your workers compensation policy. … Continue reading
Posted in General, MO, National Workers Compensation
Leave a comment
Workers Compensation Safety
Workers Compensation Safety There are several safety procedures a business owner can implement without setting up an official safety program that would cost additional money. As a workers compensation professional one common reason I’ve seen for increasing workers compensation premiums is … Continue reading
Negotiating the Best Workers Compensation Quotes
There has been a lot of talk lately about the workers compensation market hardening in 2012. Many states have announced that their average rates for coverage are on the rise. NCCI has indicated that carriers continue to file higher rates … Continue reading