Understanding Gross vs. Net Reporting in Workers’ Compensation Experience Rating
If your business purchases a workers’ compensation insurance policy, you’re likely familiar with the term “experience modification factor” or “experience
What is Consent to Rate in Workers Compensation?
Consent to rate is a term used by insurance companies to charge more premium than typically allowed. Why? Well, in
FARM SAFETY GUIDE – SPRING 2024
Let’s talk Farm Safety. Agriculture, at its core, is not just a vital industry for food production but also one
UNDERSTANDING THE EXPECTED LOSS RATE IN WORKERS COMPENSATION
Managing the operational costs effectively for your business is important to the overall financial health of the company. For long
UNDERSTANDING WORKERS COMPENSATION POLICY AUDITS: A COMPREHENSIVE GUIDE FOR BUSINESS OWNERS AND POLICY MANAGERS
UNDERSTANDING WORKERS COMPENSATION POLICY AUDITS: A COMPREHENSIVE GUIDE FOR BUSINESS OWNERS AND POLICY MANAGERS Workers’ compensation policy audits play a
NEW RULE – EMPLOYEE OR INDEPENDENT CONTRACTOR?
OVERVIEW On January 10, 2024, the U.S. Department of Labor published a final rule that will go in effect on
What is the Experience Mod?
The Experience Mod, also known as the experience modification factor, experience mod, x mod, and EMR, is the number that
PREVENTING WINTERTIME SLIPS, TRIPS AND FALLS IN CONSTRUCTION
Many hazards that can lead to worker injury can be found in the construction industry. In addition to the safety
2024 WORKERS’ COMPENSATION INSURANCE MARKET OUTLOOK
Despite its strengths, the market navigates through several challenges. Inflationary pressures, particularly in medical and wage sectors, are slowing the rise in claims costs but remain a concern
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