Permanent total disability (PTD) benefitsapply to employees who are permanently injured and unable to return to any type of work. PPD benefits are easier to calculate than PTD benefits. To calculate PPD benefits, you simply take 66⅔% of your average pre-injury weekly wage. You are then pa...
While the initial goal of the safety leadership initiative was simply to prevent injuries, it was expanded such that it also becomes a tool to lower workers' compensation costs and severity. To achieve these new object...
Payroll: Workers’ comp insurers calculate premiums per $100 of your business’s payroll. The amount your workers’ comp insurance costs for every $100 of payroll varies by state, based on guidance from the NCCI. That said, a high-risk business in a low-premium state may ultimately pay mor...
Calculate the payout. Negotiate with your insurance carrier. Take the case to court if the parties cannot reach an agreement. Receive a judgment. Accept payout as a lump sum or structured settlement. Tip Include a thorough, step-by-step workers' compensation guide in your employee handbook and...
How to calculate your e-mod yourself You may want to try to figure out what your e-mod will be following a significant claim, or test out "what if" scenarios. Each state rating agency calculates e-mods differently, so this isn't always easy. ...
Your average weekly wage (AWW) when you are injured determines how much workers comp pays. This article explains how to calculate the AWW to increase benefits.
This course provides in-depth coverage of the workers' compensation rules common to all states.By taking this course, you will learn the basic concepts in workers' compensation, including how a state's statutory legal structure fits into the bigger picture by understanding insurance policy coverage...
What you get with your SAIF policy With friendly, local service and in-depth knowledge of Oregon's workers' comp system, SAIF protects more than 54,000 employers and their employees across the state every day. We can help your business save money, prevent injuries, and create a safer, heal...
This course provides in-depth coverage of the workers' compensation rules common to all states.By taking this course, you will learn the basic concepts in workers' compensation, including how a state's statutory legal structure fits into the bigger picture by understanding insurance policy coverage...
Workers’ compensation, also known as “workers’ comp,” provides benefits to workers who become injured or ill on the job due to a work-related accident. Workers' comp covers medical costs,healthcare benefits, income for lost wages, educational retraining, anddisabilitypay. Workers’ compensation...