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Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

Workerscompensation programs are a cornerstone of workplace safety and risk management. Exclusivity: Protection Against Lawsuits One of the most significant benefits of workers compensation for employers is the exclusive remedy provision.

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Part 1: Workers’ Comp Independent Premium Audits Explained

AMAXX

When an employer receives a revised workerscompensation premium bill, the accuracy of the bill can be uncertain and confusing. This series of articles will provide clarity on what independent premium auditors evaluate, with practical insights to help you navigate the complexities of workerscompensation premium audits.

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Tax Season Spotlight: Word & Brown Offers Smart Ways Your Clients Can Save Money – on Taxes and Elsewhere, Too

Word & Brown

Individual Health Insurance Tax Deductibility If you offer individual health insurance to your clients, they may be able to include their health insurance premiums in their medical expense calculation on their taxes. Other health care-related expenses may also be deductible for your clients, depending on their incomes.

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Workers’ Comp Cost Formula To Accurately Assess Your Risk

AMAXX

When you put all these things together, it ends up being your total workers’ comp cost. Michael Stack, CEO of Amaxx LLC, is an expert in workers’ compensation cost containment systems and provides education, training, and consulting to help employers reduce their workers’ compensation costs by 20% to 50%.

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Blog Post: DIR Announces 2025 California Workers’ Comp User Funding Assessment Rates

LexisNexis

Oakland, CA -- The California Department of Industrial Relations (DIR) has issued the 2025 assessments that workers’ compensation insurers are required to collect from policyholders to cover the budget of the state Division of Workers’ Compensation (DWC) and five related programs set up by state lawmakers.

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5 Best Practices for Effective Claims Reviews

Risk Management Monitor

For instance, frequent third-party claims for premises liability may have led to restrictions on Med Pay coverage or a higher deductible to give the customer a bigger stake in safety measures. As a result, within about two years, the program cut the manufacturer’s workers compensation loss ratio roughly in half.

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Cannabis Industry Prospects Brighten;Risks, Challenges Remain

Triple-I: Workers Compensation

The Small Business Tax Equity Act would provide an exception into the Internal Revenue Code to let cannabis operators – as long as they’re in compliance with state laws – make the same deductions as any other business. Does workers compensation cover a workplace accident in which the injured employee tested positive for marijuana?

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