Workers comp refers to workers compensation, a part of business finances when a worker claims they were injured during work and would like to be reimbursed for medical treatment and procedures, as well as lost time of work.

Posts

Should You Excercise The Executive Officer Exclusion On Workers Comp Insurance

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With insurance mistakes can be hidden for years until a claim arises. Then the error becomes obvious and expensive. One error we see often is when single owner or dual owned businesses voluntarily elect to trigger the executive officer exclusion…
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Signs of a False Workers Compensation Claim

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A false workers compensation claim is more common than you might think.  The sooner you call the sooner we can help you work through it. The workers’ compensation insurance system is a no-fault method, paying workers for medical expenses…
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Why Job Descriptions Save Money On Workers Compensation Insurance

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"Do I really need to write job descriptions?" We are asked this question constantly when we are setting up a workers compensation cost containment program. We say absolutely if you want to distinguish yourself AND save big bucks when you purchase…
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Best Workers Comp Class Codes For Adult Day Care Employees

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Virtually every business with employees is required to have workers compensation insurance, as this is mandated by state law contingent on where your company operates it's business.  It can be difficult to know what workers comp class codes…
CPAP Workers Comp Premium Credit

Is Your Construction Company Missing Your CPAP Workers Compensation Insurance Premium Credit

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If you are a construction company that purchases workers compensation insurance make sure you are receiving the CPAP workers compensation insurance premium credit. The Contracting Classification Premium Adjustment Program (CPAP) is a discount…
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Why You Need Claims Management on OCIP Workers Compensation Claims

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CCIP or OCIP Workers Compensation claims can cost you a lot. Contractor Controlled Insurance Program (CCIP) and Owner Controlled Insurance Program (OCIP) are insurance programs that are designed to “wrap up” most, if not all, all of the…
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Workers Compensation Carriers Are Misclassifying Employees of On-Line Retailers and Wholesalers

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Workers Compensation Carriers Are Misclassifying Employees Of On-Line Retailers and Wholesalers One area we see a lot of errors is the proper classification of employees of On Line Retailers and On Line Wholesalers during a workers compensation…
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Workers Compensation Audits and Independent Contractors

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Workers Compensation Audits and Independent Contractors One of life’s many non productive responsibilities is managing your annual workers compensation audits and Independent Contractors. Whats worse is pulling together all that information…
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NY State Takes Huge Increase On NY State Workers Compensation Loss Costs

A Brief Note About Loss Costs: Several years back New York State went to a loss cost rating mechanism. Essentially this means that The N.Y. State Workers Compensation Rating Board sets what they deem as the appropriate "Base Loss Cost Rate"…