When you file a work comp claim as an employer, several things can happen to your workers’ compensation policy. Here’s what typically happens when you file a claim: It’s essential to promptly report workplace injuries or illnesses to your workers’ compensation insurance carrier to ensure a smooth claims process. Failure to report claims in a […]
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How do you find a class code? A work comp class code is typically a 4 digit number that is a representation of the type of work that you do. These codes are state specific and the largest repository of this data is the National Council on Compensation Insurance (NCCI), an association that maintains this
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Understanding workers compensation cost per employee is generally valuable for planning, risk management, and compliance purposes. Your business may want to calculate workers’ compensation costs per employee for the following reasons: Let’s break it down. Determining Cost To figure out how much workers’ compensation insurance will cost, you might need to talk to your work
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When it comes to workers compensation, there is more to it than just premium. Every accident comes with direct costs and indirect costs – or sometimes known as hidden costs. The question you might be asking now is “how do indirect costs for workplace accidents impact companies?” Impacts of Indirect Costs: All these things leave
Indirect costs for workplace accidents – Identify and Minimize Read More »
Many times, companies typically think of workers compensation as a policy they must purchase and don’t really give much thought as to how to handle workplace injuries. This may give rise to future problems if the policy is not written correctly or doesn’t cover all the exposures. One example of this is surrounding work that
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Have you ever heard the term Debit Mod or Debit Modifier on your workers’ compensation policy and wondered what that means? Well, anything above a 1.00 is known as a debt modification, debit modifier, or debit mod. Ultimately, it means your business is going to pay more in workers’ compensation premium. My name is Todd
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There are multiple things you can do to help lower workers’ compensation costs. One of them is not hiring your next claim. While, accidents or claims can happen to anyone, being proactive in your hiring process is not only good business practice but can also have a significant impact on your operations. Good hiring practices
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When an employee is injured on the job, what are they responsible for? What happens during the work comp claim process? In this blog post, we will be speaking to employees about their responsibilities. Note* some things are subject to change based on individual companies procedures and policies. Utilize Your Company’s Medical Treatment Plan How
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Not all workers compensation claims are the same. It is important to understand that there may come a time when a workers’ compensation claim should be transitioned from a medical-only claim to a lost time or indemnity claim. Knowing when to do this will facilitate the claim handling process, will help to ensure it is
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Top 10 Workplace Violations of 2022 The Occupational Health and Safety Administration (OSHA) releases a list citing the top 10 workplace violations every year. For 2022, OSHA presented their list at the National Safety Council Safety Congress & Expo. Below are the most cited workplace safety standards in 2022, along with their standard number and
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