Pay-as-you-go Workers’ Comp Insurance is increasing in popularity in the business world. Eliminating up-front costs and outdated payment methods are two of the biggest reasons businesses are turning to pay-as-you-go for workers’ comp insurance. Compared to an estimated annual payroll amount, pay-as-you go relies on real-time payroll to calculate workers’ comp premiums. This results in…
Covid impact on Work Comp rates will be higher as businesses reopen. Unemployment rates have gone up. From record lows to record highs in one dramatic swing. Therefore, a temporary effect we are seeing is a reduction in claims. This is because there are fewer people at work. As a result, this has a significant…
Workers Comp Insurance calculations for premiums take into consideration your company’s business and industry type. Also, the type of work performed by each employee, claims history and your company payroll. Human resources and safety professionals always are looking at the factors that influence Workers Compensation insurance costs. In order to calculate- we use Employee Classification Rate…
We are here to discuss Work Comp Insurance Questions and Answers in this blog. Workers Compensation Insurance is a type of commercial insurance that provides benefits to employees who suffer work-related injuries or illnesses. Specifically, this insurance helps pay for medical care, wages from lost work time and more. Workers’ compensation insurance benefits can vary…
The California Law requires business owners to carry Work Comp Insurance, even with one employee. Another way you can know this coverage is Workers Compensation Insurance. What is Workers’ Compensation Insurance? It doesn’t matter what kind of business you run, accidents can happen any time. Your employees can get hurt or get sick because of…
Small Business SBA Hazard Loan Insurance is a must. The U.S. Small Business Administration issued requirements for SBA Loans insurance guidelines. Small businesses in California need to carry business insurance. Some states might require a separate mandatory Earthquake or Flood Insurance. California businesses must also carry Workers’ Compensation Insurance when they have even one employee….
