December 2011

Workers Comp End Of Year Renewal Mistake

Workers Comp End Of  The Year Renewal Not A Good Idea  The Workers Comp end of the year renewal can be viewed as a mistake.  Most Workers Comp insurance policies renew on January 1st. If your company’s policy renews on January 1st, you are likely committing one of the cardinal

Premium Audit Nightmare For January Policies

Premium Audit Nightmare – Change Policy Renewal Date  A premium audit nightmare that can happen with January polices can easily be avoided with some planning. Almost 50% of the Workers Comp policies renew at the first of the year. One thing we see very often is our client or potential

Paying Premium Audit Bill – I May Have Been Misunderstood

Paying The Premium Audit Bill  Misunderstanding Last week, I wrote a post concerning paying the premium audit bill.  I have heard from a few of our weekly newsletter readers that the title of the newsletter article and the article itself sounded like an employer should just pay the bill. I

Workers Compensation Claim Reserves – The Skinny

WC Claim Reserves Indemnity From an article and a manual, I wrote many years ago. The main WC insurance variable this manual addresses is Claims Reserves (Reserves). THE MOST IMPORTANT THING TO REMEMBER IS THE CLAIMS RESERVES ARE THE UNREGULATED PART OF THE PREMIUM CALCULATION PROCESS. Insurers can set the level

EMods XMods Are Available Earlier Than You Think

EMods XMods Are Available Much Earlier Than At Renewal  The EMods XMods are Available earlier than the policy renewal date. There seems to be a secretive process on EMod publishing dates. Most companies wait until their agent, NCCI, or State Rating Bureau furnishes a copy. Quite often, the E-Mods (X-Mods

Premium Audits – Paying Undisputed Premiums

Paying The Undisputed Premiums Requirement  The undisputed premiums after the audit should be paid to the carrier.  We have received a number of questions on how to proceed if there is a Workers Comp premium dispute on how much premiums are owed. For example, I received this question last week.  We

Workers Comp Medical Cost Confusion – Wisconsin Is Now Highest

Wisconsin – Workers Comp Medical Cost I was finishing up my last post on Workers Comp medical costs. I had a research that proved Virginia was the highest in the nation. I then read this article and now I am confused. I think the Augusta Journal article that I referenced

Is Virginia Most Expensive State For WC Medical Costs?

Virginia The Most Expensive State The most expensive state for WC medical costs is Virginia. This article is a follow-up from this post on medical costs. The previous article examined Workers Comp medical costs in Virginia as being the highest in the nation. I decided to see if NCCI agreed

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