Remove Deductible Remove Injury Remove Workers Compensation
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Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

While their primary purpose is to ensure employees receive medical and wage replacement benefits for work-related injuries, they also offer critical advantages to employers. 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

Payroll serves as a primary measure of the employer’s exposure to potential workplace injury and thus significantly impacts premium costs. The premium portion, $5 per hour, should be excluded from payroll calculations for workerscompensation premium purposes. However, strict rules apply.

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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

And this is by documentation, by risk control systems, by your return to work plans, by your completed first reports of injury, by your injury reports, etcetera, your communication, your protocols, how you’re doing it, what’s your system, why is your mod, you know, at a 1.7, Contact: mstack@reduceyourworkerscomp.com.

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5 Best Practices for Effective Claims Reviews

Risk Management Monitor

Another company may have an unusually high experience modification rate that they want to bring down by reducing the frequency of worker injuries. For instance, perhaps a restaurant chain experiences a high frequency of slip-and-fall claims from workers in its kitchens.

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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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Travel Insurance for Businesses

Bankers Insurance

Basic coverage usually includes reimbursement for trip cancellation, interruption and delay because of illness, bad weather, baggage loss or delay, medical insurance and medical evacuation (in case of illness or injury during travel) and a 24-hour assistance telephone line. Additionally, the U.S.