Workers’ Compensation Deductible Plan Options

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A workers’ compensation deductible plan has become a more popular option among contractors. Whether it is a small or large deductible plan, this plan may allow premium savings to your company that can help control your workers’ compensation costs. Continue reading to learn what workers’ compensation deductible plan might work best for you!

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Topics: Workers' compensation

Does a Workers’ Comp Policy Cover Employees Working In Another State?

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Have you heard the saying, you go where the job is? Well, this rings true for most contractors, as they often find work outside the state where their business is physically located. On the surface, this doesn’t seem like a problem. However, it’s important to understand how working in a variety of states can pose some Worker’s Compensation (WC) insurance challenges for your company if an employee becomes injured. Before doing work in another state, you need to ask, does my WC insurance provide my employees coverage if they are injured in another state?

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Topics: Workers' compensation

Is a Workers' Comp Self-Insurance Program Right for Your Company?

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Workers’ compensation self-insurance programs are risk management techniques where a firm sets aside a pool of money to provide for any unexpected losses that occur. This is done instead of purchasing a third-party insurance program, also known as a fully-insured plan. So, instead of paying worker’s compensation premiums, that money is earmarked for this special fund to pay for any claims that are incurred.

There are different types of workers’ comp self-insurance available to your company.

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Topics: Workers' compensation, commercial insurance

A Look at the Workers' Compensation Marketplace

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A business owner’s workers’ compensation insurance requirements will vary by state, by industry and by the size of the company. The following list details the sources where a contractor can secure these benefits.

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Topics: Workers' compensation

Breaking Down Workers' Compensation Premiums


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Workers’ compensation insurance provides employees with lost wages, medical treatment and death benefits (to employee’s families) for job-related accidents or injuries. It is frequently a construction company’s single most expensive line of coverage. Let’s look at how your workers’ compensation premium is calculated and what you can do to keep your cost as low as possible.   

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Topics: Workers' compensation, commercial insurance

How to Prepare for Your Workers' Compensation Audit

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Workers’ Compensation policies are written with premiums based upon your company’s payroll estimate at the beginning of each policy period. At the end of the policy period, your insurer will audit your payroll records to obtain your actual payroll numbers. 

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Topics: Workers' compensation, payroll

3 Facts About Workers' Compensation You May Not Know

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If an employee gets hurt or impaired due to their work, Workers’ Compensation can provide coverage. Workers’ Compensation protects the most valued assets of a company—your employees. Continue reading this blog post to learn 3 facts about Workers’ Compensation that you need to know!

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Topics: Workers' compensation

6 Benefits to Workers' Compensation

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Workers’ Compensation is a form of insurance that provides wage replacement and medical benefits to employees, if they are injured during the course of employment. Continue reading to learn about 6 benefits to having Workers’ Comp insurance and why it's so important!

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Topics: Workers' compensation

California Workers’ Compensation Premium Assessment Changes (Part 2)

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Last week, TSIB discussed California’s Workers’ Compensation Premium Assessments, specifically what they are and where to find them in your insurance policy. This week, we will share how the rates will affect your company.

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Topics: security, Workers' compensation

California Workers’ Compensation Premium Assessment Changes (Part 1)

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In November 2017, the California Department of Industrial Relations issued a notice to “All Insurers Authorized to Transact Workers’ Compensation in California” which explained the 2018 workers’ compensation (WC) premium assessments. The new rates increase the total cost of WC for employers.

Most employers overlook their premium assessments listed on their insurance policy. Why? Let’s take a step back to understand what “premium assessments” are and how they affect WC costs.

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Topics: construction insurance, Workers' compensation

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