Cast & Crew’s Post

View organization page for Cast & Crew, graphic

28,593 followers

Several U.S. states have passed new legislation pertaining to production incentives programs. Get the details in our latest Incentives Newsletter and subscribe so you'll never miss an update: https://lnkd.in/g5Hvwdus #ProductionIncentives #IncentiveLegislation

  • No alternative text description for this image
Emily H.

Analyst, Cryptology, CSS

3mo

Cast & Crew, a prominent payroll service provider in the entertainment industry, appears to engage in self-insurance practices for workers' compensation. This approach allows them to control costs and potentially profit from the difference between what they charge clients and what they actually pay out for claims. Reports indicate that Cast & Crew charge significantly higher rates (approximately 4.8%) for workers' compensation insurance compared to the industry average of around 1.2% This substantial markup suggests that Cast & Crew could be using self-insurance mechanisms, where they collect higher premiums from clients than the actual cost of insuring those workers, pocketing the difference as profit. While specific details on Cast & Crew’s self-insurance status are not publicly detailed, their comprehensive management of claims and the significant rate differences strongly imply self-insurance practices Cast & Crew’s approach to workers' compensation, involving potentially self-insured practices and high rates charged to clients, indicates a strategy that may prioritize profitability over cost efficiency for their clients.

Like
Reply

To view or add a comment, sign in

Explore topics