If you lead a manufacturing company then Workers Compensation Insurance is probably on your mind a lot, as are the workers’ comp costs. Even though rates for workers compensation have fallen over the past 5 or so years across the country, it still is expensive in manufacturing and industrial class codes which often begs the … Read More
Shopping for workers compensation insurance and trying to figure out how to get the best deal? Confused by all the noise around workers comp insurance quotes? In this video and post, I’m going to go over some of the basics of workers compensation insurance and give you some targeted advice on getting the most competitive … Read More
Curious about what workers’ compensation class codes are all about, how they’re used, and how to be sure your workers’ comp policy is using the right codes, and you’re not being overcharged? In this video and post, I’m going to do a deep dive into workers’ compensation classification codes and explain what they are, how … Read More
The workers’ comp experience rating modification or e-mod – don’t know it? Don’t understand it? Don’t know how it works? This can lead to real trouble for any business owner with heavy workers comp premiums and lead to higher costs for a long period of time. Today, I’m going to take a dive into the … Read More
Hi, I’m Gordon Coyle and welcome to my blog where I talk about business insurance and risk issues on the minds of business owners and entrepreneurs like you. In this video and post, I’ll explain how workers’ comp insurance actually works. So, how do workers comp, work? As I mentioned a minute ago, workers’ comp … Read More
The New York Compensation Insurance Rating Board or NY CIRB has released a new formulation for the workers’ compensation experience rating modifier. Most business owners know the experience rating modifier as the x-mod, the e-mod, or just the mod. The modifier is a credit-debit system to reward employers with better than average workers comp claim … Read More
The Travelers Insurance Companies, one of the largest underwriters of workers’ compensation insurance in the U.S. analyzed over one and a half million workers’ compensation claims which occurred over a four-year period of time. Here are a few of the insights they discovered and my thoughts on them: 35% of workplace injuries occurred during a … Read More
Workers’ comp insurance – what does it cover? in this brief video and post I’ll go over that, coming right up. Okay, Workers comp insurance – what does it cover? This form of insurance is mandatory in most states when you have employees, and it pays for the following when an employee is injured or … Read More
Hey, thanks for clicking on this post regarding workers’ compensation issues and costs. This is geared to mid-sized firms that are seeing their workers’ comp costs rise. You may be wondering why are my costs going up, and what can I do about it. What I’m going to do is pull the curtain back on … Read More
Why are Audits Necessary on Liability and Workers Comp Policies Today I want to talk about premium audits for general liability, workers’ compensation, and some other policy forms. What they are, why they’re important and how to avoid pitfalls and problems. Most general liability policies, including some BOP or business owner policies as well as … Read More
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