A large deductible workers compensation policy covers claim payments after a certain amount has been paid out-of-pocket by the employer. Most rating bureaus consider any deductible in excess of 150,000. The most popular amount for a large deductible is 250,000. Deductibles can be millions per claim. The TPA or insurance carrier charges the employer a fee similar to premium to process the large deductible claims. A large deductible program is not a type of self insurance.
Most workers comp large deductible programs are reported to the rating bureaus such as NCCI and WCRI.
Workers Comp Large Deductible Programs – 2023 Resolutions Every year J&L provides resolutions for regular voluntary market policies and self insureds. During a recent phone
Large Deductible Workers Comp Policies May Require 50% Allocated Expense Payment We often perform workers comp policy reviews as part of our premium reduction consultant
Workers Compensation Large Deductible Policies – Are They A Bargain? Are Workers Compensation large deductible policies worth a look for cutting costs? One great way
Large Deductible Mods Large Deductible Mods do exist even if you have been told otherwise. Your company may have been informed that once you have
The Great Premium Deals May Not Be Deals After All Do the great workers comp premium deals really save money? With prices rising (at least
Employer With Large Deductible In For A Possible Surprise I received a phone call over the recent holiday from a previous client. The company had
Large Deductible Programs I had been asked this question three times over the last two weeks. “We have a large deductible programs for our Workers Comp.”
Workers Comp Large Deductibles Still Have E-Mod – Shocker The Workers Comp Large Deductibles have always been reported to the rating bureaus. Reader Question –
Large Deductible Programs Reviewable For Premium Recoveries Most Large Deductible Programs were ignored by auditors in the employer premium recovery industry for many years. We
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