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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.

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Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

Exclusivity: Protection Against Lawsuits One of the most significant benefits of workers compensation for employers is the exclusive remedy provision. Under this system, employees who accept workers compensation benefits for a work-related injury or illness forfeit the right to sue their employer for negligence.

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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 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%.

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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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