Small Business Saturday is November 30th and if you are a small business owner, you obviously know about your customers and all about running your business. Business owners are our customers and we know cutting the stressful things out of our customers daily operations gives them more time ...Continue Reading →
Effective January 1, 2020, Florida Workers’ Comp Rates for new and renewal policies for other than the “F” classifications, the statewide overall rate level change shall be -7.5% for the filing.
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Do your commissions diminish upon renewal? If so, how big a hit will you take when your comp clients renew? 10%? 20%? 50%?
As an agent you know all work comp carriers are not created equal. However, when it comes to agent commissions, some carriers are equally great at wanting you to believe that reduced commission percentages at renewal is the industry ...Continue Reading →
Happy Memorial Day from Simple Work Comp
To those who have passed on and to those who have been left behind. We would like to say thank you. We remember and appreciate the sacrifices made for our freedom. Without their sacrifices, we could not experience the freedoms we have today.
It is very easy to neglect the fact that ...Continue Reading →
We love opportunities to help insurance agents avoid unnecessary woes with workers’ comp shopping. No matter the size of the client.
Last week we spoke with an insurance agent who does not work in the work comp industry, but had a client who now needed coverage for comp.
His client had been with him for many ...Continue Reading →
The Insurance Commissioner recently adopted changes to California experience rating (X-Mod).
Under the new California Experience Rating Plan (2019) only the amount of each of your claims, up to your primary threshold, is used in the X-Mod computation.
These changes make it easier for employers to understand:
- How reducing workplace injuries will reduce their premium cost
- The importance of reporting all claims
The new formula ...Continue Reading →
We keep construction companies in compliance!
Get proper directions to find the solutions to stay in compliant with local, state, and federal laws.
The rapid population expansion in Florida has been problematic in many areas. Of particular concern, is the effect it has taken on the construction industry.
Many small contracting companies start with an opinion that their skills and knowledge are enough ...Continue Reading →
The Florida Office of Insurance Regulation has approved a decrease of 1.8% in the rates Florida businesses pay for workers’ compensation insurance.
Florida workers’ compensation rates will decrease on June 1, 2018.Continue Reading →