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 → Do the commissions justify the paper work? How to get more reward from your hard-to-place work comp clients.
Sometimes we all need to know when to cut our losses and move on. However, that’s easier said than done. As a
work comp insurance agent, you occasionally ... 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 ...
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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 → Simple Work Comp has worry free solutions to help you lower your mod.
Contact us today If your business has suffered losses due to excessive claims and has a mod that exceeds 1.0.
Continue Reading → If you’re an insurance agent with hard-to-place risk clients with large losses, lapse in coverage, facing non-renewal with the inevitability of having to bite the over priced state pool bullet; keep calm, Simple Work Comp can help.
For over twenty years Simple Work Comp has been helping insurance agents retain their hard-to-place risk clients with our
successful High-Risk Work Comp ... Continue Reading →
Frequently Asked Questions (FAQ) about Georgia Workers’ Compensation Insurance
How many employees must I have in order to be required to provide workers’ compensation insurance?
If you regularly employ three or more persons in your Georgia business, you are required to provide the benefits.
Does this include part-time employees? Yes, as long as they are regular.
What do you mean by “regular” part-time employee? A regular part-time employee works regularly on a part-time basis. Such as employees who only work on weekends. Continue Reading →