Workers' compensation covers nearly all workplace injuries, as long as they're declared accidental. The full definition is fairly broad, however, with generic wording that defines what’s covered as “injuries sustained during the course and scope of employment.” For an illness or injury to qua...
Workers’ compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are under increasing pressure to reimburse injured workers for a new kind of elixir. Six states now allow or require insurers to reimburse workers’ compensation claimant...
Introduction: Workers' compensation (WC) insurers offer services and programs for prospective client selection and insured client risk control (RC) purposes. Toward these aims, insurers collect employer data that may include information on types of hazards present in the workplace, safety and health ...
Interstate ratingAn experience modification factor that applies across more than one state. Interstate ratings are calculated by theNational Council on Compensation Insurancefor employers whose past workers compensation insurance policies show payroll in more than one state. Most, but not all states, part...
Explore the latest Workers' Compensation insights, trends and breaking news from property/casualty insurance industry authority Insurance Journal
How are workers’ compensation premiums calculated? Insurers determine the appropriate workers’ compensation premiums to charge a business by assessing three key factors: payroll, classification rate and EMR. Payroll: Workers’ comp insurers calculate premiums per $100 of your business’s payroll. The...
Some insurers avoid handling workers’ compensation policies for small businesses because they feel that smaller companies lack the funds to provide a safe working environment. In general, the rates depend upon the type of business, number of employees, and company safety record. FEATURED VIDEO The...
“Alexei at Robinson and Kole was great as were the administrative staff throughout the process. When big employers, insurers and statutory authorities abandon you without apparent appeal, along came Alexei and the Robinson and Kole team and sorted it.…” ...
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Consequently, some states offer a statewide workers' compensation program while other states rely on private insurers. Contact your state insurance commissioner or local insurance agent to learn how to obtain workers' comp coverage as well as information about the specific rules that apply in your ...