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Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. It's the same story as was originally published in 2019, just more intense! Rates in 2024 fell an average of 10.5% compared to 2023, which is the most dramatic reduction in over a decade.

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Crash Course in Work Comp Motor Vehicle Accidents

AMAXX

As a general rule, workers compensation insurance is the primary insurance, which requires the claim team to investigate and make determinations regarding compensability and subrogation rights. Workers’ Comp Roundup Blog: [link] 2023 Amaxx LLC. All rights reserved under International Copyright Law.

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Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

Workers compensation provides a structured approach to managing the costs associated with employee accidents and work-related illnesses. Predictability in Costs Workers compensation insurance can transfer a portion of the financial risk associated with workplace injuries to the insurance company.

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Drive Sales Growth and Increase Client Satisfaction With Workers’ Comp

Word & Brown

All businesses with workers in California and Nevada are required to have Workers Compensation Insurance. But do you know that Word & Browns partnership with CompNet Insurance Solutions makes it easy for you to offer Workers Comp coverage? What Is Workers Comp? Nevada followed in 1913.

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Blog Post: Frequently Asked Questions on Complex Employment Issues for California Workers’ Compensation

LexisNexis

The subcontractor does not have a contractor’s license nor workers’ compensation insurance. Does the general contractor have liability for the injured worker’s workers’ compensation benefits? Insurance Code section 11663 provides that liability for workers’ compensation insurance follows payroll.

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

AMAXX

These metrics are fundamental in determining the experience modification factor (often called “mod”), which ultimately influences the cost an employer will pay for workers’ compensation insurance. Workers’ Comp Roundup Blog: [link] Injury Management Results (IMR) Software: [link] ©2024 Amaxx LLC.

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Increase Your Commissions by Selling Disability Insurance

Word & Brown

Voluntary The California State Disability Insurance (SDI) program provides short-term and Paid Family Leave (PFL) to eligible workers when off work due to a non-work-related illness or injury, pregnancy, or childbirth. Work-related disability is covered by Workers Compensation insurance.