Through The Haze: Does Medical Cannabis Benefit Workers Compensation Claims?
Could the legalization of cannabis and psychedelics in workers’ compensation complicate matters, or could it actually be a way to reduce costs? This is part-two of our Through The Haze series. You can find part one here. Throughout history, cannabis has been used to
Through The Haze: Does Medical Cannabis Impact Workers Compensation?
With insufficient research, this smoky area ends up causing more confusion than clarity, especially when it comes to its impact on work safety and accidents. This is part one of our new series. You can find part two here. Grab your munchies. We plan
As unfavorable pricing continues, competitive market could weigh on workers’ comp
According to Fitch Ratings, workers’ compensation saw a combined ratio of 92% for the previous year. An immediate concern is the growing pressure from medical inflation, which had been somewhat tame in 2022. For the past year (ending Nov. 30, 2022), the medical consumer
Reduce Your Experience Modification Factor
There are three key factors that go into calculating a workers’ compensation (WC) premium: From an employer perspective, only one of the three key factors can be managed and lowered without a reduction of your staffing needs: the experience modification factor, also known as
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. 1-866-684-5684 Contact us to have your Florida Workers’ Comp Rates verified. OIR Orders
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
Workers’ Compensation Rates will Decrease on June 1, 2018
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.
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. Contact Simple Work Comp to find out how. What is MOD?
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
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.