Knowledge Corner

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When dealing with Workers’ Compensation insurance, there are two components to the insurance policies. The first part consists of Workers’ Compensation insurance, which pays for the medical expenses, as well as wages lost due to the injury. The second part consists of Employer’s Liability insurance, which covers the owner of the business, should the business be blamed as the cause of the employees’ injury/illness.

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As a policyholder, you may recognize that there are some California Workers’ Compensation Premium Assessment Rate changes. In 2022, policyholders can expect to see a significant increase in their California Premium Assessment rates, which is independent of their Workers’ Comp rates.

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The COVID-19 pandemic has caused many companies to shift their work environments. As we enter 2021, many employees are still in a hybrid (office/work-from-home) setting or an entirely remote environment. As such, employers should be aware of new litigation regarding work-from-home and compensability under their state’s Workers’ Compensation (WC) statutes.

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Is this the first time your company needs to enroll in a Wrap-Up program? As you fill out the paperwork, you will need to know what your Risk ID number is.

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What is an EMR? The best way to understand EMR (Experience Modification Rate) is to think of it as a Credit Score. With a Credit Score, there are Credit Bureaus that analyze your past and present borrowing history as a way to ascertain your future risk. An EMR, also referred to as (EMOD or XMOD), works in a similar manner. In its simplest definition, an EMR compares your Workers’ Compensation claims history to other companies similar in size within the same industry. A company’s EMR has a direct impact on its final Workers’ Compensation premium costs as well.

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Over the course of a construction project, Contractors may be asked to submit two different types of payroll for work performed on a particular project or contract. These payrolls are known as Certified Payroll and Wrap-Up Payroll. While this may seem cumbersome, these two types of payroll are vastly different and are used for different purposes.

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Accidents happen, and sometimes employees are injured and cannot return to work immediately. It’s important to understand your claim benefits. Workers' Compensation disability benefits provide a portion of your income while you’re unable to work due to a work injury. The type of injury that was sustained (temporary or permanent) will determine your benefit. Below are the 4 types of disability benefits: 

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Navigating the Workers’ Compensation (WC) system can be confusing and overwhelming. Injured employees need to feel comfortable with the system, with the employer’s response, and with the benefits they are entitled to. When an employee is injured, their livelihood can be seriously affected. Unfortunately, a collective myth exists in the injured worker’s mind that their employment is in jeopardy because of this incident. How stressful is that?

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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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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?