A Short Rate Penally occurs when an employer decides to switch workers comp insurance carriers during the policy year. The penalty is much more severe if the switch is made earlier in the policy year.
Switching Workers Comp Carriers Too Early Very Costly Switching workers comp carriers can be a trying task at renewal. During the year, that option can
Canceling Your Policy Right After Renewal Bad Choice Will canceling your policy post-renewal due to a premium audit cost your company $$$? We receive this
Post Audit Policy Switch Can Be A Disaster If Knee Jerk Reaction A post audit policy switch may not be a good idea in most
Changing Carriers Due To Premium Audit Bill Can Be Costly Our Workers Comp premium audit bill surprisingly increased our premium by 26%. We do not necessarily agree
Premium Audits And The Short Rate Penalty In my last post, I covered the predicament some employers can be in when they want to switch
The Short Rate Penalty And Premium Audits The short rate penalty is one of the most severe penalties that your company can receive in Workers
The Short Rate Penalty Can Be Significant A short rate penalty is applied by insurers when a Workers’ Compensation insurance policy is cancelled by the
The Short Rate Penalty Eliminates Policy Hopping A workers comp insurance policy may be cancelled before the end of the policy period, but not without
Short Rate Workers Comp Policies The Short Rate Policy or Short Term Cancellation is when an employer and/or their agent makes the decision to cancel
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