Worker’s Compensation

A workers’ compensation audit is a review process conducted by an insurance company to verify the accuracy of the premium paid by a business for its workers’ compensation insurance policy. The audit ensures that the premium reflects the actual payroll and employee job classifications during the policy period. Here’s a detailed explanation:   Purpose of...

Outsourcing the preparation for your workers’ comp audit can be beneficial, especially if you lack the internal resources or expertise to handle the process effectively. Here are some potential benefits and considerations: Benefits of Outsourcing Expertise and Accuracy: Specialized Knowledge: Professional accountants, payroll service providers, and consultants have specialized knowledge in preparing for workers’ comp...

Workers’ compensation (often abbreviated as workers’ comp) is a type of insurance that provides benefits to employees who are injured or become ill because of their job. It’s designed to cover medical expenses, rehabilitation costs, and a portion of lost wages for employees who are injured on the job. Generally, workers’ compensation benefits are available...

Are you wondering how long your Workers’ Compensation policy lasts and how the premiums you are paying are calculated? Workers’ Compensation policies last for a one-year period. At the end of the calendar year, the insurance carrier will conduct an audit of your payrolls to determine if jobs were properly classified and all payrolls paid...

I had a client call the other day, and they had an employee suffer an injury on the job. Would you know what procedures to follow if this should happen? There are many tips for you to use in guiding you through your Worker’s Compensation Policy.  This particular client had an employee slip and fall...