What are the state specific rules and regulations for
Workers compensation is different in every
Owner exclusions, minimum payroll, and other factors can
affect your rates. Ask about the laws in your state.
Can the amount of Employer's Liability be adjusted?
Employers liability coverage is part of every
policy. You may be able to increase or decrease the amount of
coverage based on your needs and risk exposure.
How many employees are required by law before workers' compensation is
All states have different rules that trigger coverage requirements.
Also ask about owners, subcontractors, and other 1099 payments you've
Explain how each carrier handles employees in the event of a claim?
This is an important and often overlooked aspect of workers comp
Ask about each phase of the carriers care and recovery process.
there short-term coverage in other states?
If you ever do work out of your primary state, it's important to find
out if you will have or can get other coverage in that state. Most
states allow injured employees to file a claim in the state they were
Are there flexible payment options like real-time payroll reporting?
Premiums are typically paid on the front end of a policy based on
estimated payroll. Real-time reporting is based on actual payroll
and lets you
pay as you go.
How do safety programs impact rates?
Many insurance carriers will offer policy credits that reduce the cost
of premium for employers who have a formal safety and/or drug testing program. Ask your agent about all available credits.
What extra coverages, above the basic minimum, are offered at no extra
Ask if the policy will pay for loss of earning, costs for bonds and
appeal bonds, litigation costs, interest on judgments. Coverage varies
by insurance company.
Explain how past claims history impacts rates?
Your track record, or "experience modification" compares your business
against other companies in your state and industry. The process of
credits varies by state, so be sure to ask. Ask about premium
discounts in your state too.
What is the reputation of the insurance
Are they A rated? Are they financially secure and reputable? How
long in business? Do they manage claims quickly?
Introducing a better workers comp insurance
Many marketing websites are actually stealth
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themselves while they attempt to sell
you an insurance policy.
At Workers Compensation Shop.com, we're not a
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know our stuff. When you shop with us, you get:
Expert knowledge and information
about state rules and regulations that may help you get lower rates
Access to over 30 national and
regional insurance companies throughout the
Real licensed agents, employed by our agency,
ready to negotiate the best price with our carriers
A dedicated staff of workers
compensation specialists who are always here to help service your
Training and more training: our
in-house agents receive over 150 hours of work comp training each year