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Understanding Classification Rules in Workers’ Compensation

AMAXX

Classification rules are guidelines used by rating bureaus and insurance companies to categorize businesses based on the type of work they perform. The higher the risk, the higher the workers compensation premium for that classification. Instead of dreading these audits, be proactive in your approach. All state laws vary.

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Understanding the Key Parties in Workers’ Compensation

AMAXX

Navigating workerscompensation can be complex, with various parties working together to ensure effective claims management and cost containment. Lets explore the roles of these critical players in a workerscompensation system.

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Blog Post: The Causal Effect of Attorney Representation on Workers’ Compensation Payments

LexisNexis

By Christopher Mahon, LexisNexis Legal Insights Contributing Author A September 2024 study from the Workers Compensation Research Institute indicates that workers represented by an attorney in workers compensation claims receive substantially more payments than workers who are not represented by an attorney.

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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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Understanding Classification Rules in Workers’ Compensation

AMAXX

Classification rules are guidelines used by rating bureaus and insurance companies to categorize businesses based on the type of work they perform. The higher the risk, the higher the workers’ compensation premium for that classification. Instead of dreading these audits, be proactive in your approach.

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Maryland Report Says Many Workers Misclassified, Costing $59M in Comp Premiums

Insurance Journal

Worker misclassification in Maryland is widespread, leaving thousands of workers without injury protection and depriving insurance companies of more than $58 million in workerscompensation premiums each year, according to a new report from a state task force. Maryland’s Joint …

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Effective Communication with Injured Workers: Best Practices for Success

AMAXX

In workers’ compensation, communication with injured workers is a critical aspect that can significantly influence the outcome of a claim. Proper communication helps facilitate a smooth return-to-work process and plays a crucial role in maintaining the injured worker’s morale and engagement with the organization.