What Does Workers Comp Cover?

What is Workers’ Compensation?   And, what does workers comp cover?   Workers compensation, or workman’s compensation or workers comp, protects a business from claims which arise from employees who are injured in on-the-job accidents or become ill from work-related causes.  There are four major headings or categories of what workers comp covers:  Medical Expenses  Workers comp … Read More

How to Reduce Your Workers Comp Mod – Part 3

How to Reduce Your Workers Comp Mod – Part 3, Payroll as a function of the mod calculation So we’ve discussed in the past couple of posts how to reduce your workers comp mod that the only two variables in your mod are payroll and claims.  We’ve discussed claims and in another post, we’ll talk … Read More

Reducing Work Comp Mods – Part 2

How to Reduce Your Workers Comp Experience Modifier In my last post, we talked about the math portion of the reducing workers’ comp experience mod and how errors often exist which end up costing clients more premium than they should.  When we perform audits on mods we often do find errors on prior policy terms … Read More

Everything you need to know about Workers Comp Rates in New York

Okay, that’s a pretty broad headline, so I’m going to break down some of the major elements of how workers’ compensation rates work in New York so you have a better idea of how it works and what’s critically important for you to know when making a decision on buying insurance. I’m not sure I’ll … Read More