Tag: workers compensation

The Effect of Inflation on Workers’ Compensation Insurance

It’s no surprise that inflation is getting its dirty little fingers into everything these days. Chip shortages, supply chain issues, OPEC…the list goes on and on. With a global economy comes global issues, and right now, it’s pretty painful. Even groceries now cost more than a short time ago. So how is inflation hitting workers’ […]

Written by myCOI on December 8, 2022

The Effect of Inflation on Workers’ Compensation Insurance

It’s no surprise that inflation is getting its dirty little fingers into everything these days. Chip shortages, supply chain issues, OPEC…the list goes on and on. With a global economy comes global issues, and right now, it’s pretty painful. Even groceries now cost more than a short time ago. So how is inflation hitting workers’ […]

Written by on December 8, 2022

The Workers’ Comp Experience Modification Rate (EMR) Described

Experience usually equates as a good thing, right? Well, yeah, most of the time, but when it comes to your workers’ comp Experience Modification Rate, or EMR, it’s a pretty bad thing that can cost you. So let’s get a basic understanding of what it is, why it matters, and what you can do to […]

Written by myCOI on November 9, 2022

The Workers’ Comp Experience Modification Rate (EMR) Described

Experience usually equates as a good thing, right? Well, yeah, most of the time, but when it comes to your workers’ comp Experience Modification Rate, or EMR, it’s a pretty bad thing that can cost you. So let’s get a basic understanding of what it is, why it matters, and what you can do to […]

Written by on November 9, 2022

Worker’s Compensation May Only Apply to One State – Are You Protected?

Previously, we wrote a post that outlines an important nuance that applies to workers’ compensation coverage—monopolistic states—which creates a gap in coverage in select states and jurisdictions. Another consideration for organizations that track compliance of vendors and subcontractors is that a workers’ compensation policy may only apply to one state. Insurance for workers’ compensation coverage […]

Written by myCOI on June 15, 2017

Worker’s Compensation May Only Apply to One State – Are You Protected?

Previously, we wrote a post that outlines an important nuance that applies to workers’ compensation coverage—monopolistic states—which creates a gap in coverage in select states and jurisdictions. Another consideration for organizations that track compliance of vendors and subcontractors is that a workers’ compensation policy may only apply to one state. Insurance for workers’ compensation coverage […]

Written by on June 15, 2017

Workers’ Compensation Doesn’t Always Cover Owners, and That Can be a Big Problem

An employee of a subcontractor accidentally gets injured on your jobsite. The subcontractor carries workers’ compensation insurance. So, is your company in the clear or do you have reason to worry? The answer might depend on the “Workers Compensation and Employers’ Liability” box of their certificate of insurance (COI). In this article, we’ll explore the […]

Written by myCOI on September 13, 2016

Workers’ Compensation Doesn’t Always Cover Owners, and That Can be a Big Problem

An employee of a subcontractor accidentally gets injured on your jobsite. The subcontractor carries workers’ compensation insurance. So, is your company in the clear or do you have reason to worry? The answer might depend on the “Workers Compensation and Employers’ Liability” box of their certificate of insurance (COI). In this article, we’ll explore the […]

Written by on September 13, 2016