Insure Connecticut LLC’s Post

https://lnkd.in/gukFyUr4 Companies do not bear financial responsibility if employees get hurt or die at work because of workmen’s compensation. Let’s explore the key features of workman compensation policy that make the policy stand out in the coverage it offers – #insurance #workerscompensation

If you have a workers' compensation policy, you're probably familiar with some of the components. One of those is your work comp experience modification factor (aka Mod, ExMod, etc.). But is there a way to lower it? Read more on our Blog about the possibilities at https://lnkd.in/erHWAStT #WorkComp #Insurance

The work comp market continues to see premium changes as regulation, safety, legal reform, and more have had major impacts over the last decade-plus of loss history. But even with lower premiums, private carriers are now seeing their 10th year of profitably from the workers' comp line and workers' compensation premiums increased 1% this past year, according to the NCCI. Read more now at https://lnkd.in/enu4Ha7r #WorkComp #Insurance

Have you looked into workers’ compensation for your business? If not, here are 5 things you should know: https://rb.gy/aqt3q2 #WFL #insurance #workerscompensation #compensation #workers #workerscomp #business

Have you looked into workers’ compensation for your business? If not, here are 5 things you should know: https://rb.gy/aqt3q2 #WFL #insurance #workerscompensation #compensation #workers #workerscomp #business

Get the right protection for your business and your employees. Workers compensation coverage provides you and your employees with protection in case of an injury that hinders job performance. It ensures coverage for lost wages, medical treatment, and expenses to help your employees recover and return to work. Here are some ways to reduce workers compensation premium costs: - Manage and reduce risks of claims - Regularly audit your premium - Review state credits and discounts - Raise deductibles - Coordinate programs for cost control As workers compensation coverage varies by state, it's crucial to get the right coverage tailored to your needs. Contact me for more information on the coverage you need. #businessinsurance #commercialinsurance #workerscomp #workerscompensation #businessowner #insurance

Who isn't looking to save money on their workers' comp? Something to consider: Say you decided to go with one of those employee leasing companies due to your high workers' comp insurance. When your ex mod (the risk factor that determines your rate) goes down, the leasing company will not take it into consideration and you will still pay the high rate with them. Potential savings - gone. You can try to get a different company to cover you, but make sure to give your current agent the chance to find you a better deal. Once an agent gets a quote, it’s a done deal and your current agent might be out of the game.

This week Bill and Stefani talk employee classification! We know talent is a big topic in the marketplace today and we want people to have the right information to decide what is best for their business! #buildyourlegacy #SIAofnc #thetotalsolution #insurance #indpendentagent

A.M. Best ratings are a key factor in tracking changes in the marketplace. Downward rate impacts at the level we have seen in the workers' compensation space over the past several years, IS having, and going to have an impact. While this impact seems to be gradual, it will seem that way until it isnt... Keep informed and stay ahead of the coming changes. #workerscompensation #jencap

So you got hit with a huge Workers Comp Audit? Firstly, Congrats! That (usually) means business is booming 😊 Secondly- do (have your Broker) check to see if the numbers are correct and if all class codes were classified correcty (diff post for a diff time); we've caught more errors than we can count... Thirdly- have your Broker request a payment plan. It’s almost always honored… But you do need to ask. Questions? Reach out. It's a what we do... #workerscompensation #auditwoes #insurance #stonebrooksolutions