This website is powered by Work Comp Brokers, Inc., a leading independent work comp insurance brokerage since 2004. We created WorkCompQuotes.com for business owners throughout the United States. Our goal is two-fold: Education and Help ...Read More »
What is Workers Compensation?
Workers’ compensation, also known as workmans’ comp, is a state-mandated insurance program that provides benefits to employees who suffer job-related injuries and illnesses. In exchange, the employee waives their right to sue his or her ...Read More »
Which factors determine Work Comp Premium?
Workers’ Compensation insurance is one of the most significant expenses for businesses, particularly for high risk industries with sizeable payrolls. There are several factors that determine how workers comp policies are calculated. Elements such as ...Read More »
50 Shades of Work Comp
Workers’ Comp Insurance is a common thread for businesses with employees, it also means the cost of this coverage and rules greatly vary from one state to another. In fact, 49 states require all companies ...Read More »
Pay As You Go Workers Compensation Insurance
Pay As You Go billing integrates your Workers’ Compensation premium directly to your payroll software and automatically submits small payments to your insurance company based on what you actually owe for each payroll period. You pay only what you ...Read More »
What are Work Comp Insurance Class Codes?
A workers compensation class code is a four digit numerical code assigned by NCCI or a State Rating Bureau. Class codes are assigned to differentiate between the various job duties or “scope of work performed” ...Read More »
How to Prepare For A Work Comp Insurance Audit
Everyone hates the word, “AUDIT!” Unfortunately, it’s a requirement of the workers compensation policy process. The audit is usually performed 30 days after the policy expiration. Part 5, Letter G of your work comp policy ...Read More »
What Is The Penalty For Not Having Workers Comp?
Jail? Fines? Your penalty will depend on three things….Read More »
What is a MOD?
An experience rating modification, commonly called “MOD”, is an important factor used to adjust your workers’ compensation premium. The MOD represents either a credit or debit that is applied to the premium. If your company’s ...Read More »