AMAXX

MARCH 18, 2025

This opens the door to exaggerated injuries, unrelated medical issues being attributed to work, and even outright fraudulent claims. Heres how: Establish a Clear Injury Investigation Process Not all injuries that occur at work are work-related, and not all reported injuries are legitimate.

Workers Compensation 71

Workers Compensation Compensation Claim Workers Comp 71

Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

Homeowners in Georgia’s most climate-risk-vulnerable counties , such as the coastal and most southern parts of the state, can face double-digit premium hikes or nonrenewals. Injury claim severity in the state is slightly higher than in the rest of the country.

Commercial General Liability 89

Commercial General Liability Commercial Umbrella Claim Liability 89

AMAXX

MARCH 4, 2025

OSHA Compliance as a Cost-Saving Strategy Workplace injuries are expensive. A proactive safety strategy aligned with OSHA standards can drastically reduce workplace injuries, lowering both direct and indirect costs. Analyzing injury trends , near-miss reports, and incident rates can help identify weak spots in your operations.

Workers Comp 71

Workers Comp Workers Compensation Injury Compensation 71

AMAXX

JANUARY 14, 2025

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. 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.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Injury 98

AMAXX

AUGUST 7, 2024

These rules not only influence the amount you pay in premiums but also help ensure that your company is correctly classified based on the work it performs. Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. What Are Classification Rules?

Workers Compensation 102

Workers Compensation Compensation Workers Comp Premium 102

Word & Brown

APRIL 1, 2025

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.

Deductible 52

Deductible Premium Out-Of-Pocket Insurance Policy 52

Freeway Insurance

JANUARY 3, 2025

Senate Bill 1107 , which increases minimum insurance requirements, is expected to further drive up premiums statewide. These drivers are often seen as higher risk by insurers, which can lead to higher premiums even before the 2025 hike. million uninsured drivers in the state.

Auto Insurance 98

Auto Insurance Premium Liability Insured 98

AMAXX

JANUARY 13, 2025

They are a vital entity, as they not only handle premium collections but also pay out claims to cover medical expenses and wage replacement for injured employees. Employers bear financial responsibility for premiums and retained losses, emphasizing the importance of proactive risk management. Contact: mstack@reduceyourworkerscomp.com.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Broker-Agent 98

TGS

MARCH 4, 2025

Specifically, drivers need: $10,000 in Personal Injury Protection (PIP) : Covers medical expenses for you and your passengers, regardless of whos at fault. This often comes with higher premiums. Driving without insurance in Florida puts you at risk of footing the bill for injuries, repairs, and legal fees entirely on your own.

Auto Insurance 52

Auto Insurance License Insured Insurance 52

AMAXX

MARCH 11, 2025

Large claims can have significant long-term impacts on premiums, experience modification factors, and overall workers’ compensation costs. Sub-rosa investigationsundercover surveillance designed to discreetly document claimant activityprovide evidence to substantiate or challenge the severity of reported injuries.

Workers Comp 52

Workers Comp Claim Workers Compensation Injury 52

AMAXX

JANUARY 15, 2025

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Things that we don’t understand can seem a lot more difficult than they actually are. Hello, my name is Michael Stack and I’m the CEO of Amaxx. All state laws vary.

Workers Comp 95

Workers Comp Workers Compensation Premium Compensation 95

AMAXX

JULY 30, 2024

So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. You’re gonna have to some of these premium adjustments. We’ve got things under control based on your mod.

Workers Comp 64

Workers Comp Risk Workers Compensation Injury 64

Distinguished

APRIL 21, 2025

General liability: Protects against tenant or visitor injuries, legal claims, and medical expenses. The citys density, property values, and the likelihood that someone could make a claim all contribute to premium fluctuations. Loss of rental income: Replaces rental income if a covered event makes the property uninhabitable.

Broker 52

Broker Liability Broker-Agent Building 52

Distinguished

FEBRUARY 24, 2025

Slip-and-fall incidents: High foot traffic in dining areas and restrooms increases the risk of customer or employee injuries, which can lead to costly liability claims. General liability insurance: Coverage for legal claims related to customer injuries or property damage.

Liability 52

Liability Liability Insurance Insured Insurance 52

Distinguished

MARCH 20, 2025

Even if some violations are eventually addressed, a history of non-compliance can still lead to higher premiums. Both resolved and unresolved violations can affect the terms, premiums, and overall coverage of these policies. Insurers view these violations as signs of deferred maintenance and increased risk.

Broker 52

Broker License Insurance Broker Risk 52

Distinguished

MARCH 19, 2025

Even if some violations are eventually addressed, a history of non-compliance can still lead to higher premiums. Both resolved and unresolved violations can affect the terms, premiums, and overall coverage of these policies. Insurers view these violations as signs of deferred maintenance and increased risk.

Building 52

Building Broker Damage Insurance Broker 52

TGS

JANUARY 6, 2025

Will These Changes Impact Insurance Premiums? Yes, raising minimum coverage requirements is likely to result in higher premiums for drivers. Medical expenses and vehicle repair costs have risen significantly, and higher minimums provide a more realistic safety net for both victims and at-fault drivers.

Auto Insurance 52

Auto Insurance Insured Insurance Insurer 52

Distinguished

MARCH 20, 2025

For example, a resident suffered severe injuries a fractured tibia and fibula after slipping on black ice while walking to her car. It covers physical damage to the other vehicle, bodily injuries, medical expenses for anyone injured (other than the insured driver), and legal expenses if the insured is sued for negligence.

Building 52

Building Protection Damage Liability 52

LexisNexis

DECEMBER 2, 2024

Insurers should apply the following rates against their policyholders’ estimated annual assessable premium for policies incepting January 1, 2025 through December 31, 2025: 2025 WC Administration Revolving Fund Assessment/User Funding: 0.012370 2025 Uninsured Employers Benefit Trust Fund Assessment: 0.000818 2025 Subsequent Injuries Benefits Trust (..)

Workers Comp 40

Workers Comp Workers Compensation Policyholder Premium 40

TGS

NOVEMBER 18, 2024

In a no-fault state like Florida, every driver is required to carry Personal Injury Protection (PIP) coverage. Lost Wages: If you’re unable to work due to injuries sustained in the accident, PIP may cover a percentage of your lost income. You suffer minor injuries and miss a few days of work. Why Do No-Fault States Exist?

Injury 52

Injury Auto Insurance Damage Property Damage 52

TGS

NOVEMBER 1, 2024

Immediately after the accident, check yourself and your passengers for injuries. It’s also important to remember that injuries aren’t always obvious right away—adrenaline can mask pain, so be cautious even if you feel okay at first. Also, take photos of any visible injuries you or your passengers sustained.

Injury 52

Injury Home Insurance Claim Damage 52

Protect Commercial Insurance

NOVEMBER 8, 2024

By understanding your policy needs, shopping around, and exploring available discounts, you can effectively manage insurance premiums and keep your business financially secure. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.

Commercial Insurance 52

Commercial Insurance Commercial Premium Deductible 52

Cover4LetProperty

OCTOBER 1, 2024

Renting out a property comes with many potential risks—damage caused by tenants, legal liability for injuries that happen on the property, or loss of rental income due to unexpected events like a fire or flood. This would cover you for example, when a tenant may hold you liable for an injury which was caused within / by your property.

Insured 60

Insured Insurance Insurer Injury 60

Word & Brown

AUGUST 6, 2024

jump, which pushed total sales premium to $9.34 . – Benefit brokers — those who primarily sell core or employer-funded products but also sell voluntary benefits — beat the industry average with 7% sales growth in 2023 -These brokers produced total sales of $6.3 billion, or 68% of the total market.

Broker 52

Broker Injury Insurance Broker Life Insurance 52

Cover4LetProperty

JANUARY 29, 2024

In order to cover the financial liability of having to settle customers’ claims, the insurer charges premiums that reflect the assessed risk of having to pay out in the settlement of a claim. If there is an increase in claims or changes in risk factors, insurance premiums may adjust accordingly.

Home Insurance 52

Home Insurance Insured Insurance Insurer 52

TGS

OCTOBER 3, 2023

A lot of factors go into calculating your home insurance premium. Total Premium 11. Insured Address Your home’s location is a critical piece of the calculations that determine your homeowners insurance premium. >> TGSI TIP: If you can afford to raise your deductible, doing so will lower your premium!

Insurance Quotes 52

Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

Word & Brown

DECEMBER 11, 2024

Having disability insurance can help an individual maintain a regular income (and associated lifestyle) when unable to work due to a new illness or injury. Policies with shorter maximum benefit periods typically have lower premiums. Sightly more than one-fifth (21%) of those aged 18-44 have a disability. LTD plans may differ.

Workers Compensation 52

Workers Compensation Insured Insurance Insurer 52

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

But as the state’s bodily injury claims climb well over the national average, more reform is needed to return insurance profitability to the state. Louisianans Need to Know Legal Reforms Boost Florida Insurance Market; Premium Relief Will Require More Time How Georgia Might Learn From Florida Reforms U.S.

Out-Of-Pocket 64

Out-Of-Pocket Broker-Agent Premium Claim 64

Jackson & Jackson

APRIL 10, 2024

It protects you from claims arising from accidents or injuries on your property. Assessing the Value of Your Property Accurately The value of your property directly affects your insurance premiums and the amount you’ll be compensated in case of a claim.

Commercial Property 52

Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 52

Jackson & Jackson

APRIL 26, 2024

Liability Protection : Protects against claims of property damage or personal injury caused by you or your operations. Properties in high-risk areas for earthquakes and wildfires may see higher premiums. Mitigating Risks Investors can significantly reduce their insurance premiums and potential losses by proactively managing risks.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

Bankers Insurance

MAY 16, 2024

Even among typical homeowners policies, premiums likely increased year over year. Homeowners can submit a claim if they are at fault for another party’s losses, such as bodily injuries and property damage. Various parts of a home insurance policy can contribute to a homeowner’s premiums. Reduce liability risks. Adjust coverage.

Home Insurance 52

Home Insurance Policyholder Insured Insurance 52

Jackson & Jackson

MAY 23, 2024

As a result, insurance premiums tend to be higher in California compared to other states. Understanding the unique challenges of the California insurance market not only empowers you but also helps you navigate the process more effectively and save money on your premiums.

Small Business Insurance 52

Small Business Insurance Business Insurance Insured Insurance 52

Maritime Insurance International

MARCH 3, 2020

Bodily Injury. Boating accidents can lead to significant injury for you, your passengers, or others. This is an important consideration that will have an impact on your premium cost. The premium for an Actual Cash Value policy is lower than the premium for a comparable Agreed Value policy. Uninsured Boaters.

Insured 40

Insured Insurance Insurer Premium 40

Triple-I: Business Insurance

APRIL 24, 2023

So the investment in a lightning protection system prevents personal injury and the costly impact of even one strike.” Several insurers offer premium discounts for policyholders who invest in lightning protection systems. “Lightning protection systems prevent a lightning strike from causing any damage.

Risk 52

Risk Business Interruption Damage Protection 52

Protect Commercial Insurance

JULY 26, 2024

It provides coverage for third-party bodily injury or property damage claims that may arise from accidents on your premises or as a result of your products or services. Insurance premiums can vary significantly between providers, so it’s essential to compare quotes from multiple insurers.

Commercial 52

Commercial Insurance Broker General Liability Broker 52

Triple-I: Workers Compensation

JUNE 10, 2024

Payroll increases The line’s 2023 direct written premium (DWP) increased 2.6 Payroll growth was partially offset by state-approved premium rate decreases. They may even be a gamechanger for evaluating and improving workplaces and reducing injuries.” Improved job creation contributed 2.3 percent and below the 3.5 percent in 2022.

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

Protect Commercial Insurance

NOVEMBER 1, 2024

Additionally, many landlord policies offer liability protection related to tenant injuries or legal disputes stemming from the rental property. – Higher Premiums : Landlord insurance typically comes with higher premiums. This is due to the increased risk profile associated with rental properties.

Home Insurance 52

Home Insurance Out-Of-Pocket Insured Insurance 52