A Good Reminder of How Workers' Compensation Rates Are Calculated

Posted by Christy Putnam on August 16, 2019 at 12:09 PM

People quickly and understandably become very confused when it comes to reviewing Workers' Compensation policies and rates from insurance carriers. At its most basic, the following formula is used to calculate Workers' Compensation premiums:

Payroll (per $100) X Class Code Rate X Experience Modifier (MOD) + State Fees/Surcharges = Premium

Let’s break down each of these elements and explain where the amounts come from.

Read More

Topics: Human Resources, Payroll, HR Compliance, Workers' Compensation

When it comes to Workers' Compensation claims, documentation is key

Posted by James on August 14, 2019 at 10:04 AM

If you are one of the few, select individuals who loves addressing and managing Workers' Compensation issues, then any HR department would be lucky to have you. It probably means you're extremely organized, exceptionally patient, and incredibly resourceful. You probably have the tact of an international diplomat and the steel-trap memory of an elephant.

For all the rest of us less naturally inclined towards this topic...well...we need some extra help.

Read More

Topics: Human Capital Management, Human Resources, HR Compliance, Workers' Compensation

Don't Miss a Thing!

Subscribe to our blog

Subscribe to our blog

    Recent Posts