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Workers Comp Declarations Dec Page – Not That Important?


Workers Comp Declarations Dec Page

Is the Workers Comp Declarations Dec Page really that important? I have often been asked by our clients what to look at in a Workers Compensation policy. In other words, they receive a huge stack of documents known as their Workers Comp policy. The policy will usually be scanned and emailed to save paper.

File Folder Workers Comp Declarations with Documents
Wikimedia commons – Tony Webster

I wanted to cover a few areas that should always be looked over in ALL policies, not just Workers Compensation. The Declaration Page – Dec Page is a quick summary of your policy. If you have access to your company’s or any example of a Workers Comp Dec Page, please refer to it now. It is the very first part of your Workers Comp policy.

It is the section that describes your

  • Estimated payroll
  • Classifications
  • Discounts
  • Rates
  • Credits
  • Deposit premium for the policy period.

The insurance declaration page will generally be broken down into sections. The first section of the page will be listed or shown as Item 1 and will show information about the named insured such as their name, address and entity type.

The next section may show as Item 3 and will be detail information concerning the policy itself and will include;

  • Picture Businessman Talking Angrily Workers Comp Declarations on the Mobile Phone

    Section A, Workers Compensation Insurance, this section will show the specific state in which the workers compensation applies;

  • Section B, Employers Liability Insurance, part two shows how this section is applied to work in each state listed in Item 3 and also shows the employers liability limits as chosen by the policyholder;
  • Section C, Other States Insurance, lists each state in which other states coverage applies.

Found within Item 4 on the workers compensation declaration sheet will be the premium calculation statement by the company including:

  • Classifications
  • Descriptions
  • Estimated payroll
  • Rates
  • Estimated annual premium

Also included on the Workers Comp Dec Page you will find the audit term, usually set as annual but may be another length of time, the policyholders federal ID number and its experience risk ID number as issued by the governing rate making authority for the resident state. The declaration will also show the minimum premium for the policy and all attached endorsements and policy forms.

I know, it is not exciting info, but this is YOUR UPFRONT OUT OF POCKET MONEY for your Workers Comp Insurance policy.

There is more than meets the eye that you need to check on for your company. Check out my next post – it is $$$.

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James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


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