More employers turning to workers compensation residual markets
Carrier appetites and pricing levels they are willing to accept is tightening, which in turn is causing employers to look to residual markets for coverage. Click Here for the Business…
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Workers Compensation
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Workers’ compensation is insurance that provides cash benefits and/or medical care for workers who are injured or become ill as a direct result of their job.
Employers pay for this insurance, and shall not require the employee to contribute to the cost of compensation. Weekly cash benefits and medical care are paid by the employer’s insurance carrier, as directed by the Workers’ Compensation Board. The Workers’ Compensation Board is a state agency that processes the claims. If Board intervention is necessary, it will determine whether that insurer will reimburse for cash benefits and/or medical care, and the amounts payable.
Workers’ compensation rates for employers likely to increase
Key to minimize rate increase is be seen as “cream of the crop” with good loss experience, these “cream of the crop” accounts will see the most favorable pricing available…
NAPEO President Pat Cleary Interview
Pat Cleary, CEO and President of NAPEO, answers questions about the PEO industry. What is the difference between the PEO and Temporary Staffing model? What is the biggest opportunity and…
Welcome to the PEO Compass!
Welcome to the PEO Compass, the PEO industry’s only resource of its kind. Using today’s technology we have the power to deliver the most pertinent and need-to-know information about PEOs…
FLASH REPORT: Workers’ Comp Rates To Decrease 1.2% Overall
Carrying out the wishes of its divided governing committee, the Workers’ Compensation Insurance Rating Bureau made its amended filing for January 1, 2013 advisory pure premium rates. The filing recommends…
MT: State insurer waits to see benefits from workers’ comp reform
A rare display of bipartisanship in the 2011 legislative session came with the passage of House Bill 334,a sweeping workers’ compensation reform package expected to cut costs by an average…