Tag Archives: Workers Compensation

Idaho Workers Compensation Rates to Decrease in 2020 by 6.2 Percent

Idaho Workers Compensation Rates again head in the right direction The Idaho Department of Insurance as of October 2019, has approved a proposal for a 6.2 percent overall rate decrease to Idaho Workers’ Compensation Insurance. This decrease goes in to effect on Jan. 1, 2020.  Before this announcement, Idaho Workers Compensation was… Read more »

California Workers Comp Rates 2020

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California Workers Comp Rates 2020 are going to be declining for the fifth straight year. The average of the Jan. 1, 2020, advisory pure premium rates are $1.58 per $100 of payroll. If adopted, this would be the ninth consecutive pure premium rate decrease since 2015 totaling roughly 45 percent. This… Read more »

Masonry

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Workers Compensation Concerns for Masonry Businesses Masonry is a tough industry. The work is physical and takes a unique set of skills to excel. For this reason it is hard to find reliable employees who can take on all of the demands working in this industry presents. With these demands… Read more »

Workers Compensation Audit

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A computer and a mobile device showing the Analysis of a Workers Compensation Audit.

Here is How to Best Prepare your Businesses for a Workers Compensation Audit. At the end of each insurance term, a workers compensation audit takes place for all businesses. For most businesses this is a straight forward process. Depending upon the size and scope of a business, the audit can… Read more »

6 Industries with Unique Workers Comp Risks

Janitorial Services, Electricians, Lawncare, Restaurants, Trucking and Floor Installation are Businesses with Unique Workers Comp Risks Unique Workers Comp Risks Can be difficult for a small business to prepare. In most states, Workers Compensation Insurance is required by law for most businesses. Each state has some exceptions that allow some businesses to… Read more »

5 Industries that benefit from Pay as You Go Workers Compensation

Pay as You Go Workers Compensation Insurance can help businesses save on premium and prevent gaps in coverage  Pay as You Go Workers Compensation Insurance is a way for seasonal and cash strapped businesses to pay Workers Compensation Insurance Premium in real time. With a Pay as You Go Policy, the… Read more »

Nevada Workers Compensation Rates 2019

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In 2019 Nevada Workers Compensation Rates will be Some of the Lowest in the Country Effective the first of March, 2019; Nevada Workers Compensation Rates will be 8.1% lower than the previous year. This is great news because rates on coverage were already the 46th most expensive state for purchasing… Read more »

The State of Utah Workers Compensation System in 2019

Utah Workers Compensation Rates 2019 The Utah Workers Compensation System is different from the way other states administer the ‘Exclusive Remedy’. The business community benefits from these differences in the form of some of the lowest rates for workers comp premium in the United States of America. In the state… Read more »

What is a Ghost Policy?

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And Who Might Benefit From a Ghost Policy? A Ghost Insurance Policy is a type of Workers Compensation Insurance Policy where the owner of a business is excluded from coverage and they are the only employee of the business. There must be no additional employees for the business in order for a… Read more »

Louisiana Workers Compensation Rates 2019 Are Declining

5 years of Continued Declines for Louisiana Workers Compensation Rates 2019 Starting on May 1st, 2019 the Business Community will be saving 5.6 percent on average for Louisiana Workers Compensation Rates 2019. Louisiana Insurance Commissioner Jim Donelon said, “Rates have had a cumulative drop of 19 percent over the last… Read more »