Worker’s Compensation
Need a Certificate of Insurance?
It’s happened to every business … you’re working after hours, and you really need a certificate of insurance to wrap up the paperwork and bring in a new client. But your insurance broker is closed. Or an employee needs a new Auto ID card on a weekend, and all you can do is add it…
Read MoreRenovation and Risk: Insuring Your Improved Home
Planning a home renovation project is exciting and sometimes stressful, with so many choices to be made: cabinet styles and finishes, flooring, countertops, hardware, paint … the list goes on. Many people miss one very important step, however … your homeowner’s coverage may need a little improvement as well. First, begin with the end in…
Read MoreWorkers’ Compensation Audits – Don’t Get Hit in the Wallet
One unhappy trend we’ve been seeing lately is more and more employers being hit with audit noncompliance penalties from their workers’ compensation carriers. These penalties can be very significant, up to twice the annual premium, so let’s take a look at how to avoid them. Like any insurance policy, a workers’ compensation policy is a…
Read MoreControlling Workers’ Compensation Costs
Fourth in a series of installments on workers’ compensation coverage In previous posts on workers’ compensation, we’ve covered experience modification factors, what makes a claim compensable and signs of fraud. Now, let’s get to the bottom line – literally – and talk about controlling your workers’ compensation costs. The first thing to understand about cost…
Read MoreFraud Alert: Warning Signs of Workers’ Compensation Claims
Third in a series of installments on workers’ compensation coverage Having covered the circumstances that make a workers’ compensation claim compensable in a previous post (see it here), let’s take a moment to look at the other side of the coin: signs that a claim might be fraudulent. Various sources estimate that fraudulent claims cost…
Read MoreWorkers’ Compensation: When is a Claim Compensable?
Second in a series of three installments on workers’ compensation coverage Navigating the murky waters of workers’ compensation coverage is a challenge for many employers, especially when it comes to distinguishing exactly what constitutes a legitimate, compensable claim. What exactly determines whether a claim is compensable? In order to be compensable, a claim must meet…
Read MoreZenjuries: Your Workers’ Compensation Solution
We’re always on the lookout for resources that help our clients better manage any kind of risk, because being in control of your risk profile helps you to tell a better story to insurers. Many businesses would agree that the world of workers’ compensation insurance is among their biggest headaches. The paperwork, regulatory requirements and…
Read MoreThe Mod Factor: Understanding Your Workers’ Compensation
First in a series on workers’ compensation coverage The Mod Factor. Sounds like a TV show from the 1970s, but it’s really a very important term in calculating and controlling your workers’ compensation costs. The term “mod factor” is shorthand for “experience modification factor,” and it’s the number that is applied as either a credit…
Read MoreZenjuries: Your Workers’ Compensation Solution
We’re always on the lookout for resources that help our clients better manage any kind of risk, because being in control of your risk profile helps you to tell a better story to insurers. Many businesses would agree that the world of workers’ compensation insurance is among their biggest headaches. The paperwork, regulatory requirements and…
Read MoreLegislative Update – April
Here’s what happened on the legislative front in Washington, DC in April, and how it affects your business: Market Stabilization Final Rule Issued: On April 14, the Department of Health and Human Services (HHS) issued a market stabilization final rule under the Affordable Care Act, containing new reforms aimed at lowering premiums, stabilizing the individual…
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