There are forces that work against you in the client broker relationship and, after time it is probable that your broker has stopped working hard on your behalf. There are a number of reasons for this.
I often get asked, “How can I tell if the amount of Workers’ Comp insurance coverage that I’ve got is “just right”? I’ve thought about it and there are seven questions that you can ask your broker to make sure that you are getting the lowest rate with the right carrier.
It really interesting to me how often when talking to people they tell me that they got this great price on their Workers’ Compensation Insurance but when I break it down their deal turns out to not be as good as they thought.
In an earlier post I discussed the value of using Nurse Triage. As soon as an injury occurs get on the phone and get a quick diagnosis, quite often working with a company that provides Nurse Triage services combined with a having a good first aid kit on hand can reduce the severity of injury and lower costs and claims considerably.
It’s no fun to be involved in a potential Workers’ Compensation court case, aside from the expense there is a lot of uncertainty as to time frame for the trail, the time it takes to prepare, and the trail itself.
Whether your business is big,small, or in between, you’ll be wise to keep track of new laws affecting your operations. Some took effect before the New Year, while the rest went live Jan. 1. Here are the top 10 you need to heed:
State Compensation Insurance Fund has announced that it will pay out a dividend to qualifying policyholders for the first time in a decade. The state’s largest workers’ comp carrier plans to disburse a total of $50 million in the form of a dividend, mostly to employers who have paid their premiums in a timely fashion.
There is a new trend of legal actions against companies whose employees are required to wear protective clothing and gear at work.