WORKERS COMPENSATION 
You CAN save money on your workers compensation premiums!
You CAN get the most aggressive and responsive claim service available!
You CAN work to keep your experience modification down!
WORKERS COMPENSATION
You CAN save money on your workers compensation premiums!
You CAN get the most aggressive and responsive claim service available!
You CAN work to keep your experience modification down!
Standard Workers Compensation Formula:
ANNUAL PAYROLL
DIVIDED BY 100, MULTIPLIED BY RATE,
MULTIPLIED BY
EXPERIENCE MOD
EXAMPLE: $300,000
est. payroll divided by 100, multiplied by $1.80,
multiplied by 90%
Experience Mod Equals= $4860 yr. premium
Ways to reduce your
workers compensation costs:
1. Contact
Executive at (800) 427-8006 to shop the markets for
the
best deal Executive has access to a majority of the most competitive
"A" rated carriers as well as special and exclusive group programs.
2.
Screen your job applicants. Before hiring,
make sure that the applicant
is aware of safety precautions and is willing to follow them.
5.
Maintain regular communication with recovering
employees. By
demonstrating your concern for their well-being and encouraging
them to return to work when possible, you can help avoid lawsuits and
fraudulent claims.
6.
Explain workers compensation benefits to your employees
If claimants
are confused or uncertain about the handling of their cases,
they are more likely to seek legal counsel. Free free to have them
contact us.
7. Review your rate
classifications and payroll obligations under
each
class Employees who are misclassified may drive up your premiums.
8. Obtain certificates
of insurance from all subcontractors
If you fail to
do so, your subcontractor's payrolls may be included with yours, thus
resulting in higher premiums.
An aging work force, changing nature of claims, rising medical costs and increased litigation all contribute to challenges in the workers compensation industry. Being aware of the reasons behind the costs and taking steps to prevent problems can help us secure the best rates available. In turn, you can lower your costs and achieve a more productive work environment.
We're here to help.
We have the resources and expertise to structure a superior workers compensation
program at incredible rates. We will be happy to answer any questions you
have. Click here in order
to go to one of our loss run request forms (please use the "print"
function from your browser). After you have included your current/prior
policy number, please sign and fax to
(916) 721-5577.
Restaurant
Insurance GroupSM
