Tag Archives: Workers Compensation

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 »

Connecticut Will Experience 17% Decline in Workers Compensation Rates in 2019

Connecticut Workers Compensation Insurance Rates are going to be going down in 2019!!! Connecticut Workers Compensation Rates are on the decline for next year. Decreasing by an average of 17%. This is a significant amount of a decline and it marks the fifth year in a row that businesses have paid less… Read more »

Workers Compensation Florida Rates 2019

Volatility in Workers Compensation Florida Rates 2019 Continues This year the Workers Compensation Florida Rates 2019 are moving in a positive direction for small business owners. The Florida Insurance Commissioner, David Altmaier, has approved a revised workers compensation rate filing of 13.9 % decrease.  According to Altmaier, ‘The rate increase… Read more »

Pay as You Go Workers Compensation Insurance

5 industries that can benefit from Pay as You Go Pay as You Go Workers Compensation Insurance is a unique payment option for paying for Pay as You Go Workers Comp Premium. The program allows businesses to get coverage in place at a significantly lower amount up-front. This can benefit cash-strapped businesses… Read more »

Pay as You Go Workers Compensation

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Pay as You Go Workers’ Compensation Insurance is designed to allow business owner’s to pay their insurance premium’s monthly instead of in one lump sum. In many cases this can help business owner’s free up cash their business so desperately needs for other more urgent expenses. If you are a business… Read more »

Snow Removal

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Ensuring Adequate Insurance Coverage for Your Snow Removal Business The Snow Removal Businesses have a certain amount of risk associated with the nature of the business.  The risks are unique to both the health and safety of your employees, the maintenance of your equipment, as well as the risks the… Read more »

Florida Work Comp Market still in Flux

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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 »

Florist

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As a florist, a business owner has chosen an industry that is very diverse and has specialized business insurance needs.  Those insurance needs differ from other small businesses. The diversity of this industry can include providing arrangements for both weddings and funerals. Many of these occassions require you to provide just the… Read more »

Interpreting the Loss Ratio

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The loss ratio is a quick and easy way for an insurer to determine the profitability of a workers compensation insurance policy.  It is calculated simply by dividing the incurred losses by the total earned premium.  Therefore, a company with a very low loss ratio would be considered a very… Read more »

Artisan Contractors: Painters

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The term artisan contractor is one used widely throughout the insurance industry, but is not so common throughout the general population.  The term includes carpenter, plumber, painter, electrician, mechanic, mason, or any other sort of skilled contractor.  The level of risk that each of these professions takes on is different and because… Read more »