Florida Workers’ Comp Rates to drop 7.5 percent

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.

Florida worker's comp rates to drop 7.5 percent.

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Contact us to have your Florida Workers’ Comp Rates verified.

Florida Workers Comp rate drop filing signed by David Altmaier, Commissioner Office of Insurance Regulation

OIR Orders Larger Workers’ Compensation Insurance Rate Decrease for 2020

Florida Insurance Commissioner David Altmaier issued an Order​ on Rate Filing on Thursday, October 24, 2018 to the National Council on Compensation Insurance (NCCI) requesting an amended filing to reduce workers’ compensation rates by 7.5 percent for 2020.

The Order notifies NCCI that the rate filing submitted for a 5.4% rate decrease has been disapproved and, if amended by November 4, 2019, will be approved with the larger workers’ compensation rate decrease.

Approval of a revised 7.5 rate decrease is contingent on the amended filing being submitted with changes as stipulated within the Order. If approved by the OIR, the revised rate decrease would become effective on January 1, 2020, for new and renewal business.

Source: Florida Office of Insurance Regulation

SimpleWorkComp helps business obtain affordable Florida Workers’ Compensation Rates.

Our team provides small business with the highest quality coverage at the most competitive rates in the industry.

Over the past 20 years, thousands of business owners have come to discover the best coverage, services, and rates that are only offered by SimpleWorkComp. With over 100 years of combined experience, our full service staff will analyze your business to find the most competitive provider for your specific situation. We are able to negotiate the absolute lowest rates even for difficult to place industries such as construction!

We are a leader in the workers’ compensation industry for two reasons, our service and experience! We provide everything the small business owner needs in one convenient location and treat each client like a VIP because to us you are! Beginning with the first phone call, you can expect complete satisfaction each and every step of the way.

Still not sure we can help?

Contact one of our expert staff completely free of charge at 1-866-684-5684! We are always here to help and happy to answer your questions about Workers’ Compensation Insurance.

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Fix diminishing agent commissions with Simple Work Comp

fix-diminishing-agent-commissions-with-simple-work-comp

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 norm.

If this is happening to you or your agency, we can help.

Make diminishing commissions to your agency a thing of the past and fix them with our preferred alternative pay-as-you-go work comp markets.

We’ve been assisting agents, agencies, and brokers for over twenty years with commission percentages that never diminish upon renewal.

Please send us any upcoming renewals or accounts you’d like to improve, and our Simple Work Comp consultants will be happy to review them with our markets and get you a quick answer on coverage and commissions.

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Get out from under your HIGH MOD – How to lower your MOD

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.

how to lower your mod, lower work comp, simple work comp,

Contact Simple Work Comp to find out how.

What is MOD?

Mod or xMod stands for experience modifier or experience modification. It is an adjustment of an employer’s premium for workers’ compensation coverage based on losses experienced. A mod of 1.0 is applied to an employer who has demonstrated the actual expected performance. Poor losses and excessive claims experience leads to a mod greater than 1.0. Which can result in higher premium costs or can even result in an employer losing coverage completely. Employers with better experience (no losses, no claims, clean) can obtain a mod less than 1.0; and can enjoy paying less than average for the coverage. An employer’s mod is typically determined by the last three years of experience; however, some carriers may choose to look further past three years.

How to lower your mod

If you lower your mod you can save money on your workers’ comp, so there no reason why you wouldn’t want to lower your mod. Even if you already have a 1.0 mod. Simple Work Comp has worry-free solutions to help you lower your mod. We understand most business owners get into business to run a successful business. Later on they realize they have to choose between spending their time and more money on managing tedious administrative tasks to keep their costs down and remain compliant.

Rather than adding additional hoops for you to jump through; Simple Work Comp consultants can help you eliminate hoops and learning curves by utilizing industry proven programs which will keep you compliant and get you on the path to lowering your mod.

Stop paying more, start paying less

Stop searching for DIY solutions that will cost you more time and more money. Contact us today and speak with an experienced work comp consultant (1-866-684-5684) who will answer all your questions and concerns regarding your mod.
Simple Work Comp’s consulting services are free to employers and agents, as we receive compensation from our nationwide network of partner markets.

Don’t pay any more than you have to; take control over the determining factor of your work comp costs.

Definition: Experience Rating

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Georgia Workers Compensation Requirements

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.

 

  • If my business is incorporated, am I or my fellow officers considered to be employees of the business?
    The corporation is considered to be the employer and all officers are considered to be employees of the business.

 

  • Can officers waive coverage on themselves?
    As many as five officers may waive coverage on themselves. Each such officer must complete and sign a form WC-10 and file it with their insurance carrier.

 

  • If one or more officers waive coverage, does this exempt them from being counted in the “three or more employees” rule? (See FAQ 1)
    Officer exemptions do not reduce the number of employees of the corporation.

 

  • What if I am operating my business as a sole proprietorship or partnership?
    The Georgia Law considers sole proprietors and partners to be employers not employees, just the opposite of corporations. However, they can elect to be covered as an employee by advising their insurance carrier in writing.

 

  • Can I purchase insurance from the Georgia State Board of Workers’ Compensation?
    The Georgia State Board of Workers’ Compensation does not sell workers’ compensation insurance.  Contact Simple Work Comp for more information regarding Georgia workers compensation and your assigned risk pool.

 

Need assistance with North Carolina Workers Compensation? Contact us or call 1-866-864-5684.

 

  • Does Georgia have a State Fund?

 

  • Does being self-insured mean that I don’t have to purchase workers’ compensation insurance, and that I put the money in the bank to pay for my employee’s workers’ compensation injuries?
    In order to be self-insured, you must be approved as a member of the Georgia Self-Insurers Guaranty Trust Fund and certified by the State Board of Workers’ Compensation.

 

  • I am concerned about my rating. Can you help?
    Yes, contact us and we’ll be glad to help you with your rating.

 

Contact Simple Work Comp for information on Georgia workers’ compensation requirements. 1-866-684-5684

 

Simple Work Comp offers affordable workers compensation to thousands of businesses, and free workers compensation policy reviews as a courtesy to business owners.  Have your existing workers compensation policy reviewed by one of our workers compensation insurance experts; a no-pressure complimentary service.

Knowledgeable consultants are standing by to deliver fast, accurate, affordable workers compensation quotes.

 

Source: https://sbwc.georgia.gov/insurance

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Florida Workers Compensation Requirements

Employers’ Requirement to Carry Workers’ Compensation Insurance in Florida.

Employers conducting work in the State of Florida are required to provide workers’ compensation insurance for their employees. Specific employer coverage requirements are based on the type of industry, number of employees and entity organization. To determine coverage requirements for a specific employer, the following information is provided by the Bureau of Compliance.

Need assistance with Florida Workers Compensation? Contact us or call 1-866-864-5684.

  • Construction Industry – One (1) or more employees, including the owner of the business who are corporate officers or Limited Liability Company (LLC) members. For a list of the trades considered to be in the construction industry see 69L-6.021 Florida Administrative Code.
  • Non-Construction Industry – Four (4) or more employees, including business owners who are corporate officers or Limited Liability Company (LLC) members.Please note: Non-construction industry Sole Proprietors or partners in a Partnership are not employees unless they want to be included on the business’ Workers’ Compensation Insurance policy and file a form DWC 251 PDF with the Division of Workers’ Compensation.
  • Agricultural Industry – Six (6) regular employees and/or twelve (12) seasonal workers who work more than 30 days during a season but no more than a total of 45 days in a calendar year.
  • Out of State Employers must notify their insurance carrier that they are working in Florida. If there is no insurance, the out of state employer is required to obtain a Florida Workers’ Compensation Insurance policy with a Florida approved insurance carrier which meets the requirements of Florida law and the Florida Insurance Code. This means that “Florida” must be specifically listed in Section 3A of the policy (on the Information Page). Get a quoteAn Extraterritorial Reciprocity clause in the home state’s statute allows some out of state Employers to work in Florida temporarily using their home state’s Workers’ Compensation insurance policy.
  • Contractors are required to make certain that all sub-contractors have the required Workers’ Compensation Insurance before they begin work on a project. To see the documentation that is required from a sub-contractor, see 69L-6.032 Florida Administrative Code.If the sub-contractor does not have Workers’ Compensation Insurance for its employees, those workers become the employees of the contractor. If an injury occurs, the contractor is responsible for paying the benefits for the work related injury, illness or fatality.

Exemptions are available to business owners who opt out of the insurance coverage protections for themselves and who meet the requirements for an exemption.

Contact Simple Work Comp for information on Florida Workers’ compensation requirements.

1-866-684-5684

Simple Work Comp offers affordable workers compensation to thousands of businesses, and free workers compensation policy reviews as a courtesy to business owners.  Have your existing workers compensation policy reviewed by one of our workers compensation insurance experts; a no-pressure complimentary service.

Knowledgeable consultants are standing by to deliver fast, accurate, affordable workers compensation quotes.

Source: https://www.myfloridacfo.com/division/wc/employer/coverage.htm

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North Carolina Workers Compensation Requirements

 

Employers’ Requirement to Carry Workers’ Compensation Insurance in North Carolina.

The North Carolina Workers’ Compensation Act requires that all businesses that employ three or more employees, including those operating as corporations, sole proprietorships, limited liability companies and partnerships, obtain workers’ compensation insurance or qualify as self-insured employers for purposes of paying workers’ compensation benefits to their employees.

Need assistance with North Carolina Workers Compensation? Contact us or call 1-866-864-5684.

Exceptions to this requirement include (a) employees of certain railroads; (b) casual employees, i.e., persons whose employment is both casual and not in the course of the trade, business, profession or occupation of the employer; (c) domestic servants directly employed by the household; (d) farm laborers when fewer than 10 full-time, non-seasonal farm laborers are regularly employed by the same employer; (e) federal government employees in North Carolina; and (f) “sellers of agricultural products for the producers thereof on commission or for other compensation, paid by the producers, provided the product is prepared for sale by the producer.”

  • Businesses in which one or more employees are employed in activities which involve the use or presence of radiation are required to have workers’ compensation coverage.

 

  • Individuals who are sole proprietors, members of LLCs, and partners are not automatically counted as employees. Corporate officers may elect to be excluded from coverage but are still counted in determining whether a business has three or more employees. Executive officers, directors, or committee members of a non-profit corporation are also not automatically counted as employees so long as they meet certain requirements under the North Carolina General Statutes.

 

 

  • An employer is not relieved of its liability under the Act by calling its employees “independent contractors.” Even if the employer refers to its workers as independent contractors and issues a Form 1099 for tax purposes, the Industrial Commission may still find that the workers were in fact employees based upon its analysis of several factors, including but not limited to the degree of control exercised by the employer over the details of the work.

 

  • If you subcontract work to a subcontractor who does not have workers’ compensation insurance, you may be liable for the work-related injuries of the subcontractor’s employees, regardless of the number of employees you or the subcontractor employs. For information on workers’ compensation requirements in the trucking industry, please click here.

 

If You Fail to Carry Workers’ Compensation Insurance, You May:

  • Face stiff financial penalties;
  • Be charged with a misdemeanor;
  • Be charged with a felony; and
  • Be imprisoned

 

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New York Corporate Workers Compensation

Created for New York Based Companies

New York Corporate Workers CompensationObtaining affordable New York Corporate Workers Compensation for low risk “white-collar” employees can be fairly easy. Simple Work Comp provides Workers Compensation for New York based business with 20 or more employees. Our white collar workers compensation programs are designed specifically for companies employing employees with low-risk job descriptions. Such coverage pertains to employees performing professional, managerial and/or administrative tasks, and work that is performed in an office environment. Additionally, corporate office employees SIC Class 8810 can also apply to credit unions trust companies and banks, as well as and some non-banking institutions such as free-standing payday advance and/or check cashing businesses provided these are the only operations being conducted on the premises.

Rates on New York Corporate Workers Compensation

New York is a competitive market for workers compensation insurance. However, our nationwide underwriters can provide the most affordable New York Corporate Workers Compensation Insurance available for SIC Class 8810 employers.

In addition to their very competitive rates, our underwriters provide quality work comp protection, and facilitate all workers compensation related tasks for you business. You can further reduce your New York workers compensation rates by bundling some of human resources tasks with your workers compensation insurance.

For more information on our New York Workers Compensation Insurance services, please call us at 1-866-684-5684.

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California Corporate Workers Compensation

Designed for California Based Businesses

California Corporate Workers CompensationSimple Work Comp specializes in providing California Corporate Workers Compensation for California based business with 20 or more employees. Our white collar workers compensation programs are designed specifically for companies employing employees with low-risk job descriptions. These positions are for employees performing professional, managerial and/or administrative tasks; tasks that are performed in an office environment. In addition to corporate office employees, SIC Class 8810 also applies to credit unions trust companies and banks and some non-banking institutions such as free-standing payday advance and/or check cashing businesses provided these are the only operations being conducted on the premises.

Rates on California Corporate Workers Compensation

Our nationwide network of underwriters ensures that we can provide the most affordable California Corporate Workers Compensation Insurance available for SIC Class 8810 employers. In addition to competitive rates, our underwriters provide some of the best protection and customer service in all of California. Workers compensation rates can be further reduced by bundling some of human resources tasks with your workers compensation insurance.

For more information on our California Corporate Workers Compensation Insurance services, please call us at 1866-684-5684.

Get Quote

 

 

 

 

 

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Work Comp Quotes Online

We’re making it easier for small business owners.

Simple Work Comp is pleased too announce that we’ve made it easier than ever to get fast workers compensation for business owners. Our objective is to provide you with the fastest service and flexible payment options available in the industry.

We have more choices for you than any other provider, and we can have your business insured at the most competitive prices available.

Get your Workers Compensation Quotes Online!

Pay as you go options

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