Classification: The Foundation of Workers’ Compensation For the Construction Industry
Whether you’re an insurance professional, an employer or “the person in charge of insurance,” it’s often difficult to get your arms around Workers’ Compensation. It’s complex and fraught with so many “moving parts” you can almost be certain that what...
Continue ReadingLower Job Classifications Mean Lower Premiums
To keep their premiums at the lowest cost each year, it’s not unusual for businesses to seek job classifications with lower ratings. Workers’ Compensation guru, David Leng, explains in his book, Stop Being Frustrated and Overcharged Year After Year by...
Continue ReadingLegal Corner
ADA Employer requiring wellness program participation prevails over EEOC A federal District Court in Wisconsin has ruled against the Equal Employment Opportunity Commission and held that a plastic manufacturer’s policy of requiring employees to complete health risk assessments and biometric...
Continue ReadingOverexertion Accounts For More Than 25% Of The Top Ten Injury Costs: Liberty Mutual
Produced annually, the Liberty Mutual Workplace Safety Index identifies the leading causes of the most disabling workplace injuries (resulting in six or more days of lost time) and ranks them by total Workers’ Compensation costs. The top five causes that...
Continue ReadingWhat to expect in 2018?
In today’s fast-moving business environment and volatile political atmosphere, nothing stays the same for very long, including Workers’ Compensation. Here are 18 ongoing trends and emerging issues to watch in 2018. Comp rates continue downward trend It’s good news for...
Continue ReadingDelays In Reporting Claims Can Increase Costs By Over 50%: Study
One of the overarching principles of workers’ comp cost control is early reporting and intervention. About fifteen years ago, a groundbreaking study by the Hartford Financial Services Group found that injuries reported between the 4th and 5th week following an...
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