Insights
Did the Workers’ Compensation Industry Dodge a COVID-19 Claims Bullet?
COVID-19 was a top concern for Workers’ Compensation executives at the start of 2021. As the pandemic continued, those in the industry worried about the size and number of claims that could develop. To add to their concern, many states passed compensability...
10 Steps to Finding Happiness at Work
Since you spend a significant chunk of your life working, enjoying your job and workplace environment plays a crucial role in your overall happiness. Finding joy in what you do professionally is easier some days than others. Work is just that - WORK - and it often...
Don’t Slip and Fall into the Wrong Workers’ Comp Hands
5 Reasons to Work with Risk Innovations Workers’ Compensation Insurance has many unique intricacies, which is all the more reason to work with a specialized broker. Class codes have blurred lines, regulations and requirements are always changing, and no two...
How Lumber Prices Are Impacting the Insurance Market
What toilet paper was to us in 2020 is now what lumber is in 2021. A number of colliding factors have caused a massive lumber shortage. Add a high demand to that, and the conditions are continuing to drive up prices. The price of lumber is not just up 25 or 50%; it’s...
Top 5 Home Health Trends of 2021
Our nation’s healthcare system will become much more strained as the Baby Boomer generation (born between 1946 and 1964) passes retirement age, and the need for home healthcare services will rise dramatically. The population eligible for Medicare in the U.S. in 2000...
Importance of Complete Insurance Submissions
According to ratings agency A.M Best, the country’s property and casualty insurance industry saw an 86% drop in underwriting income in 2020 - falling to $600 million compared to $4.5 billion for the same period in 2019. Workers’ Compensation carriers specifically are...
Is a Large Deductible Plan Right For Your Client?
A Workers’ Compensation large deductible plan provides the same coverage as a guaranteed insurance plan – in fact, it is a guaranteed insurance plan with a special deductible endorsement. The deductible size for these plans generally ranges from $100,000 to $1,000,000...
3 Benefits of Pay-As-You-Owe Workers’ Comp Plans
When you secure a Workers’ Compensation policy, premiums are determined by a company’s annual estimated payroll, which often ends up being inaccurate. It leaves many business owners needing a refund for overpayment or having to pay extra when they close out the year;...
Stay Cool, but Not TOO Cool: Protecting Workers From Cold Stress
Promoting workplace safety has the dual benefit of protecting employees and simultaneously reducing the risk of Workers' Compensation claims. Improved safety procedures also lessen the frequency and expense of Workers’ Compensation claims. When insurance agents...
Workers’ Compensation Cannabis Class Code Roulette
Determining the proper classification for cannabis businesses is not one you want to take a gamble on. If you bet on a specific class code and it isn’t accurate, your client could suffer significant premium penalties at the time of an audit or worse – costly coverage...
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