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Workers Comp Insurance Agents Are Overloaded In December


Workers Comp Insurance Agents Overloaded In December

If you are renewing your Workers Comp policy from now until January 10th, do not be surprised if your insurance agent is not available.  Insurance agents are very overloaded as the highest percentage of Workers Comp policies renew on January 1st.

Picture of Couple and Insurance Agents Workers Comp

Trying to get any policy changes on an end-of-the-year renewal can be a daunting task.  One should think about using email and faxes right now.  You are not going to get an agent on the phone, plain and simple.

Do not be surprised if you end up talking with an assistant or other agent than you normally talk to the rest of the year.  If this does occur, make sure that you have everything in writing before you sign off on the policy.

Your company may want to move your renewal date forward a few weeks, if possible.  Now is not the best time to request this change.   A Workers Comp or any policy can be changed during the policy.   Policies can be changed by endorsement at any time during the policy year.

Short rate penalties may occur if your policy expires earlier in the year than usual.  The short rate penalty can be substantial.   The Rating Bureau formula for short rate is designed to apply a large financial penalty to any policyholder that changes the renewal date to a prior date.

Our policy, premium, reserve, and audit sections are very overloaded right now.   However, we know this time of the year is tough with an end of the year deadline approaching.  Fortunately, we have a large enough staff to handle this very busy time.

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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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