A system for monitoring a business's operational characteristics and employee classifications, in real time, to obtain increased amounts of data relating to the total compensation for purposes of providing a more accurate determination of a cost of insurance for the risk, on a real-time basis, ...
Workers' Compensation Judge David B. Torrey, in the "Workers Compensation Law Section Newsletter"of the Pennsylvania Bar Association. "... unlike any other workers' compensation guide...it is a must-have for those who manage workers' compensation insurance...Priz does an excellent job of explor...
Incorrect risk classifications by insurance agents or underwriters will result in an inaccurate premium. Payroll may be reclassified and moved to the correct class code at the time of audit. This could result in a policy credit or debit. A workers' compensation audit is the process to make ...
Since the workers actually work for the temporary agency, it is the agency who provides and pays the workers, + related costs, such as workers compensation. PEOs are similar except that the business owner hires or fires the employees, but the PEO handles the other aspects of employee ...
The payroll auditor that performs the annual payroll audit is either an employee of the insurance carrier or is contracted by the insurance carrier to conduct the audit. The auditor is not there to determine if you've been overcharged. In addition, many of our workers’ compensation premium rec...
Workers’ Compensation insurance is one of the most significant expenses for businesses, particularly for high risk industries with sizeable payrolls. There are several factors that determine how workers comp policies are calculated. Elements such as employee job classifications, the size of an employer...
The Problem With Workers Compensation Workers comp coverage is one of the most important insurance products an employer can buy. It protects business owners from employee claims that could potentially devastate a business. Unfortunately, many agents do not have the adequate expertise in all the state...
and their unique problems with workers' compensation insurance In the course of our work here at AIM, we've had occasion to work with a number of alternative employers--more commonly known as temporary agencies and/or employee leasing companies. Another, more recent term for employee leasing ...
Glossary. Work Comp Associates, Inc. is the leading workers compensation (WC) insurance company in Florida (FL). Providing workers compensation information and resources to small and mid-sized businesses, let us can help protect your business from workpl
Employees An employee is a worker hired by a company to perform specific duties in exchange for a fee, typically in the form of hourly or monthly wages. Companies commonly use Employment Agreements to outline job descriptions, compensation and other details....