Workers Comp Policy Mistakes Occur More In These Employers
Workers Comp policy mistakes can be very expensive for employers? What types of employers have the most Workers Comp policy mistakes?
We used to have an exhaustive list of employers that listed all of the employers that had mistakes in their Workers Comp policies. After examining Workers Comp policies for over 12 years, we have found that no one type of employer has more mistakes in their policies.
We have found that West Virginia employers have a higher rate of mistakes in their policies than other states. This is very like due to the switchover from the Old State Fund to a an open insurance market. We will monitor this for the next few years. We have picked up a large number of West Virginia clients due to the changeover.
Recently, two types of employers have popped up on our radar screens for having errors in their Workers Comp policies. They are companies that:
- Manufacture or use dyes or inks in their manufacturing processes
- Manufacture non-woven fabrics
- Trucking companies
- Use subcontractors
- Handle metal
- Tow Truck Operators
Article provided by James J Moore, AIC, MBA, ChFC, ARM. All articles are original content. Check out the full website at www.cutcompcosts.com.