This time the Florida Work Comp Market is benefiting the Business Owners who are getting a 9.6% decrease. For more than a year now, the Florida Work Comp Market has been unstable to say the least. A year ago the National Council on Compensation Insurance (NCCI) recommended a 14.5percent increase… Read more »
What is the Assigned Risk Provider? The assigned risk provider is also frequently referred to as The State Fund or The Pool Workers’ Compensation Insurance is required by law in 48 out of 50 states in the country. Oklahoma and Texas are the only two exceptions to this rule. The… Read more »
Work Comp Rates in Florida are set for a dramatic increase December 1st. The average workers’ compensation rate in the state of Florida is set to go up by 14.5% on average beginning December 1st, 2016. The reason for this dramatic increase in premium is caused by three things…. Read more »
Workers’ Compensation: A Brief History of Workers’ Compensation in America. Formation of the Workers’ Compensation System The workers compensation system was started in the United States during the first half of the 20th century. The first state that enacted a system was in the early teens and the last state… Read more »
Lawyers, Law Firms and Attorneys need to be up to speed on their states requirements for workers compensation coverage. Lawyers and attorneys are legal professionals who are entrusted by a client for advice in handling some or all of their legal matters. This can include but is not limited… Read more »
Retail stores, wholesale distributors, warehousing businesses and apparel stores are an enormous part of the economy that make up almost 12% of the entire workers compensation insurance market. Most carriers are willing to quote coverage for this industry, but prices vary considerably between insurance companies. This is because many carriers… Read more »
Child care costs are devastatingly high for parents. One main cause for that is because of the cost for these businesses to purchase commercial insurance. The reason for such high premiums is because of both the frequency and severity of claims in this industry. When a child is involved in… Read more »
Breaking down NCCI workers’ compensation class code 9014, Commercial Janitorial Services. Like most workers comp class codes, code 9014 includes many different operations. NCCI workers comp codes generally include a variety of operations. This is because the classification manual is written to include specific operations, but over time, additional operations… Read more »