Workers Compensation

EPLI Coverage

A fast growing product in the insurance markets is employment practices liability insurance (EPLI).  EPLI is a relatively new form of liability insurance. It provides protection for an employer against claims made by employees, former employees, or potential employees.

EPLI covers discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other…

Missouri – Sole Proprietor or Individual – Construction Industry – Exclusion

Recently, A workers compensation client of mine, who is a sole-proprietorship, purchased a workers compensation policy where the owner elected to be excluded from coverage.  After the workers compensation policy term expired, the Missouri Assigned Risk (Travelers) audit team included the owner for coverage, thereby, increasing the annual insurance premium by more than $3,000.

After questioning…

New Mexico’s Workers Compensation Problem

Getting injured on the job is a risk that we all take as employers and employees. Workers Compensation coverage is coverage that will protect all parties involved from the owner of the company, to the injured worker. If you do get hurt and there is coverage in place, you as the worker, will not have to pay anything for urgent care, rehabilitative care, and in some instances, would receive a…

Oklahoma Supreme Court to Review New Workers Compensation Laws

The new laws that are set to take place for Oklahoma workers next year are being argued as…

Missouri business owners can expect to see an increase in their MO workers compensation rates in 2014. The rates will likely increase by 11.6% in “loss costs” for anticipated 2014 claims. The National Council on Compensation Insurance (NCCI) filed the…

Everyone in the workers compensation industry has been following California’s legislative debates and work on Senate Bill 863. This goal of the bill was to help resolve some of the issues plaguing workers compensation in CA.

Insurers in California have…

A hardening market for workers compensation insurance is here in 2014 and hasn’t shown signs of loosening anytime soon.  Several business types have n0 voluntary (competitive) insurance companies available for quoting workers compensation insurance. 

Tho…

Missouri Workers Compensation in 2014

As we begin the new year, many business owners have something else on their mind. With health care…

As an insurance agent I am trained to think of the worst case scenario and plan for it. The insurance business is no question a numbers game which comes down to doing everything you can to prevent accidents from happening in the first place.

Many of you…

What is an Experience Modification Rate and How Does it Effect My Business

Your Experience Modification Factor will only apply to your workers’ compensation policy. Your…

A formal safety program is a set of written documents that describe a company’s safety policies, priorities, and responsibilities. The program is designed to bring structure and consistency into a company’s accident prevention efforts. Without a written…

Each year, business owners have to take valuable time from their busy schedules to complete and possibly meet with a workers compensation auditor to complete and wrap up the prior years workers compensation policy with regard to estimated payroll per…

Workers Comp- Gettting the Biggest Bang for Your Buck

This is a term that everyone is familiar with. Shopping for a superior product or service for the…

It was predicted that 2013 would be a challenging year in the workers compensation marketplace and that certainly proved to be the case.  In 2014, I would expect the challenging conditions highlighted by the current trend of a tightening work comp market…

Employers are always looking for ways to increase workplace safety and to reduce workers comp insurance premiums.  Carefully reviewing and analyzing workers comp insurance loss runs is one way to accomplish this. 

Loss runs are essentially a data summary…

We don’t need another Lindsey Lohan story on Star Magazine to point out the ill effects drugs can have on our lives, but when it comes to the workplace; slowed response times, blurry vision, impeded depth perception to name a few of the effects these can…

Many small business owners believe that their general liability insurance or umbrella business insurance policies will cover claims involving directors and officers of the company.  However, general liability policies do not respond to management…