Payroll Audit Referred To As Premium Audit More Often
Payroll Audit – More Used Term Premium Audit A payroll audit for Workers comp is actually not a fully accurate term. The term also known
December 24, 2010 2 Comments
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Payroll Audit – More Used Term Premium Audit A payroll audit for Workers comp is actually not a fully accurate term. The term also known
General Inclusions – Term Of The Day In Workers Compensation, there are employers that may operate what seems to be two separate businesses. There are
Workers Comp Mediations – Worth The Time and Expense? I recently attended what I totaled to be my 60th+ Workers Comp mediations. The mediation lasted
Term Of The Day – General Exclusions General Exclusions cover unique exposures. In Workers Compensation, most employees are assigned one classification code. Certain operations
Certificate Holder-Workers Comp Term The Certificate Holder is the entity that actually purchased the policy from the insurer. They are shown on the certificate of
WCIRB Free Rating Sheets Free Experience Rating Sheets are now offered by WCIRB to employers. As NCCI has done for years, California’s WCIRB (Workers Compensation
Transfer Of Right Of Recovery = Waiver A transfer of right of recovery for Workers Comp usually involves a very specific type of waiver. The
Term Of The Day – Funded Self-Insurance Funded self-insurance is also referred to as accountant’s self insurance. An account or accounts are set up in
Carpal Tunnel NCCI When I was looking over the recent report by NCCI, I noticed an incredible figure on the reduction of a certain type
South Carolina Independent Contractors The following is a great assessment of how a specific Workers Compensation Commission views independent contractors. Even if your company has no
Term Of The Day – Quantitative Claim Auditing A quantitative claim auditing term of the day. The quantitative claim differs from Qualitative auditing. This is one
Partial Retention Can Reduce Premiums and Budgets The Partial Retention of a risk can be thought of as either using a deductible or an umbrella
Term Of The Day – Deposit Premium The Deposit premium is unique from regular insurance premiums, because they are refundable should either the insured or
Physical Therapy From A Very Personal Viewpoint Is Physical Therapy really worth the cost and time? I recently was asked this question by a Workers
Term Of the Day – “A” Rates When analyzing the premiums that very large deductible insureds pay their carriers, we often come across what is
An Actuary Manages Financial Risk An actuary manages financial risk using different methods. An actuary is a business professional who analyzes the financial consequences of
Term Of the Day – Waiver Of Subrogation The WC term of the day waiver of subrogation clause is very popular in insurance policies and
Reinsurance Trade Group Seen By Some As Cartel Is this reinsurance trade group a cartel? The Global Reinsurance Forum reached it’s first anniversary in September
WCIRB And NCCI Becoming More Alike WCIRB and NCCI are becoming more alike. Yesterday, I posted how the WCIRB had adopted rules similar to NCCI’s
Term Of The Day – Standard Exceptions The Standard Exceptions in a Workers Comp policy reduce premium payouts for the safer workers at a give
WCIRB Becoming California’s NCCI The WCIRB Is slowly becoming California’s NCCI. While attending a recent California Workers’ Compensation Insurance Rating Bureau (WCIRB – the rating
Term Of The Day – Scooping Ice Cream Scooping ice cream can be hazardous? Recently, an employee of an ice cream store had her claim
Accident Year Experience The accident year experience differs from other types of experience measurement comparisons. The statistical matching of all losses occurring (regardless of when
Endorsements Can Change Policy Many Times Policy endorsements change the policy as many times as the carrier wishes. Workers compensation policies may need some type
Term Of The Day – Due Diligence The Due Diligence is one of those overused terms in insurance, especially Risk Management. The term was started
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