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Insurer Upheld in Declining to Defend Employer Against Injured Worker’s Lawsuit

Insurance Journal

The New Jersey Supreme Court recently ruled that an insurer had no duty to defend an insured employer against an injured employee’s personal injury lawsuit alleging negligence and intentional harm. The high court found that Hartford Underwriters Insurance Co. was …

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Understanding the Impact of Frequency and Severity on Workers’ Compensation Premiums

AMAXX

This repeated exposure to risk increases the likelihood that larger claims might occur in the future, which alarms underwriters. Underwriters view very large losses as rare and unlikely to repeat. When an organization experiences many smaller claims, it suggests that workplace hazards are not being effectively addressed.

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Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

Distinguished

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.

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Understanding the Key Parties in Workers’ Compensation

AMAXX

Insurance Company: The Risk Bearer Often referred to as the underwriter, insurer, or carrier, the insurance company provides the workers’ compensation policy and assumes the employers risk. These benefits include medical coverage, wage replacement, and rehabilitation services for work-related injuries or illnesses.

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Workers’ Comp Cost Formula To Accurately Assess Your Risk

AMAXX

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. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

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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. The claims review should be designed to account for how frequency and severity may affect underwriting decisions so that the policyholder can move toward its coverage objectives.

Claim 75
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Commercial Insurance and Protection of Business Property

Paragon Independent Insurance Agencies

These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. Liability Coverage Commercial insurance also includes liability coverage, which protects businesses from legal claims and lawsuits alleging property or physical injury.