Workers’ Comp Renewal Time? Use The 3 R’s Checklist

Posted on: September 28th, 2011 by Leaders' Choice Staff No Comments

Workers_Comp_RenewalRenewing your Workers’ Compensation insurance shouldn’t be an automatic.

Yes, you are required by law to have it but each time you renew, your business has an opportunity to streamline your costs and methodology. 

I like to recommend the 3 R’s to buying workers’ compensation insurance: Review, Reboot, then Renew.



Ask yourself these questions:

  • Have the needs of your business changed?
  • Did you add or lose employees this year?
  • Have there been any classification changes?

Making sure that your policy reflects what is going on with your business  “right now!” is the key to having proper coverage and ultimately will save you money.


After reviewing and making sure that your level of workers’ compensation is at the right level, it’s time to look at the company you’re insured with. 

When your policy comes up for renewal you have an opportunity to start fresh. To Reboot as it were.

  • You want to find a company that can serve your needs with old school attention to detail while at the same time provide the most up to date methods of keeping in touch.
  • You want to find a company that understands that each workers’ compensation carrier has different rates for different class codes or industry classifications. You want them to find that carrier that perfectly matches your industry and thus offers the lowest rates for your classification.
  • You want to find a company that will keep you up to date on a law that might change that has an effect on your bottom line or a streamlined way to file, help you file a claim so you don’t have to.  Renewing your Workers’ Compensation Insurance is your chance to make sure you’re not missing out on the best service and technology that can be offered.


            Now you are ready to renew. Follow this link to get in touch with a Leader’s Choice professional who answer your questions and can quickly and easily take you through the rest of the process and make sure you are getting the best rate and service possible.