article thumbnail

Part 1: Workers’ Comp Independent Premium Audits Explained

AMAXX

Click Link to Access Free PDF Download “WorkersComp Claims Review Checklist: 9 Must-Have, Serious-Impact Elements” A common and costly mistake employers make is overlooking allowable payroll deductions. Employer Classification Classifying employers properly is the cornerstone of accurate premium assessment.

article thumbnail

Workers’ Comp Cost Formula To Accurately Assess Your Risk

AMAXX

When you put all these things together, it ends up being your total workerscomp 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%.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

By participating in the workers compensation system, employers can avoid these challenges, maintain focus on their business goals, and foster a stable work environment. Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers Comp In 90 Days” 2.

article thumbnail

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

LexisNexis

The state is mailing the memos along with invoices for each company’s share of the assessments and surcharges to California workers’ comp insurers, self-insured employers and legally uninsured employers. Anyone with questions about the 2025 surcharges and assessments may email them to DIRDWC_Assessment@dir.ca.gov.

article thumbnail

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. In the initial design of the insurance program, certain coverages may have been limited due to a problematic claims record.

Claim 75