Many hazards that can lead to worker injury can be found in the construction industry. In addition to the safety hazards that are encountered year-round, and winter brings its own set of challenges and hazards. During the winter, construction workers are often exposed to extreme cold and high winds, as well as snow and ice […]
PREVENTING WINTERTIME SLIPS, TRIPS AND FALLS IN CONSTRUCTION Read More »
We are committed to keeping you informed about crucial changes in the insurance industry and how workers compensation changes impact your business. Recently, NCCI’s Experience Rating Plan Methodology underwent a significant update commonly referred to as Item E-1409. These changes are starting November 1, 2023. These changes aim to enhance the precision and fairness of
Important Updates to the NCCI’s Experience Rating Plan Methodology Read More »
Workers’ compensation claims can be costly. According to data from the National Safety Council (NSC), the average cost of a workers’ compensation claim is $41,003. The most expensive workers’ compensation claims were accidents involving motor vehicle crashes, burns, and falls. So how can companies reduce claim costs and injuries, boost employee morale, and reduce premiums?
What to Include in a Workers’ Compensation Risk Management Program Read More »
3 Key Takeaways Introduction to Workers Experience The US is experiencing historically low unemployment rates, leading to an influx of new workers. Unfortunately, many of these newcomers lack proper safety training, exposing them to workplace hazards that can lead to severe injuries, illnesses, and even fatalities. According to a recent Travelers study, new workers within
Workers Experience and Workplace Injuries Read More »
If your business has a workers’ compensation policy and you use subcontractors on a frequent basis, will you be charged for an injury? The answer, it depends on the task and if they have coverage. Who is Considered a Subcontractor? A subcontractor refers to an individual or company that carries out a task or provides
Workers Compensation for Subcontractors: Will You Be Charged? Read More »
If your company has employees and injuries are a possibility, understanding the nuances of insurance can make a significant difference in your premiums. One critical factor is the Experience Modification Rate (EMR), often just referred to as the “mod or x-mod.” Claim reserves play a key role in determining your mod. Here, we will delve
The Impact of Claim Reserves on Your Experience Modification Rate Read More »
The intricate world of workers’ compensation premiums can often seem confusing and overwhelming, particularly when it comes to understanding job classifications and how they impact premiums. A common misconception among employers is that premiums are based on the activity an employee performs most frequently. In reality, the job classification codes used to calculate these premiums
The Crucial Role of Job Classification in Workers’ Compensation Premiums Read More »
Work compensation professionals emphasize the importance of workplace safety, but how do workers comp and safety correlate? Safety and workers’ compensation are two critical components of workplace management that work together to protect employees and maintain a productive work environment. By promoting safety, employers can reduce the frequency and severity of workplace injuries, leading to
Workplace Safety and Workers’ Compensation Read More »
There are a lot of different outcomes that can happen when you file a claim with your workers’ compensation policy. It depends on the amount of the claim and the type of claim. In this blog we’ll break down the types of claims, show how they can affect your policy differently, and ways to reduce
How Does Filing A Claim Impact Your Work Comp Policy? Read More »
In recent weeks, the US has seen record high temperatures in almost every state across the country. These triple digit temperatures may rise even further across the southern part of the US. According to PBS, “July has been so hot thus far that scientists calculate that this month will be the hottest globally on record
Record High Temps and Worker Protection Read More »