Workers’ Comp Certifications and Designations Compared
There is no single workers' comp certification. There are several, and they are built for different jobs. A claims adjuster and an insurance agent both work in workers' comp, but they do not need the...
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Workers’ Comp Audit Penalties: What Happens If You Skip the Audit
Skip a workers' comp audit and the insurance company does not shrug and move on. In many states it can add an audit noncompliance charge of up to two times your estimated annual premium. Then...
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Workers’ Comp Audit Checklist: What to Have Ready
The auditor has a tight schedule and a stack of files. If your records are a mess, the auditor fills the gaps with assumptions, and the assumptions never go in your favor. Use this workers'...
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Workers’ Comp Audit and Subcontractors: How 1099 Workers Are Treated
A 1099 does not make someone an independent contractor at audit. If you paid a subcontractor who had no workers' comp coverage, the auditor adds that sub to your policy. You pay premium for the...
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Workers’ Comp Audit for Sole Proprietors and Businesses With No Employees
Yes, you still get audited. A sole proprietor with no employees and a minimum premium policy will get an audit request just like a company with 200 people. The insurance company wants proof that the...
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How to Sell Workers’ Comp Insurance: A Guide for Agents
Most agents sell workers' comp insurance by quoting it. They collect payroll and loss runs, send submissions to a few insurance companies and hope their number is the lowest. So does every other agent the...
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