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Mollett-Hunter Insurance Blog: workers compensation

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INSURED This company specializes in glass for commercial entrances and storefronts, construction glazing and retail glass sales. With 40 employees, the company has sales revenue in 2005 of approximately $2.5 million. Situation The CWCAs began insuring this client in 1995. READ MORE >>

INSURED School for "Exceptional Children" (autism, down syndrome, etc.); 300 employees; safety committee 19 staff members. SITUATION 1.88 experience mod, 300% loss ratio, which means the insurance company paid out to doctors, pharmacies, and other medical providers three times more than the premium paid to the insurance company by the School. READ MORE >>

INSURED This grading contractor employs 42 people with annual revenues of approximately $3 million. SITUATION The company had been with the same broker for 21 years. The broker had never audited or verified the insured’s Experience Modification Factor and routinely accepted the Mod Worksheet provided by NCCI as accurate and correct. READ MORE >>

INSURED The insured is an outdoor sign company with fewer than 10 employees. The company’s annual revenue is just under $2,000,000. SITUATION The company’s annual premium was extremely high based on the number of employees and the level of duties of the workers. READ MORE >>

INSURED This employer is a privately owned practice of speech-language pathologists, servicing various medical and academic settings. The company employs upwards of 30 people. SITUATION The company was experiencing abnormally high premiums due to a SCOPES (rating bureau’s manual of business classifications) Manual classification code rate of 2. READ MORE >>

INSURED This assembler of office furniture employs 86 and has revenues in excess of $32 million annually. SITUATION The employer saw its Experience Mod escalating steadily up to 1.22. ASSESSMENT The CWCAs found one reason for the increase in the Experience Mod was the claim reserve for an employee who suffered a shoulder injury, resulting in numerous surgeries. READ MORE >>

For Agents who understand the coverage, it can be a great entree to writing the total account - and saving clients substantial money.  By: Elisabeth Boone, CPSU Complex, confusing, challenging … and absolutely essential for employers. READ MORE >>

Mark is dedicated to providing the best workers comp info to businesses. He is now a Certified WorkComp Advisor Master!.Contact Mark today at 405-224-5404 and work with a master advisor! READ MORE >>

INSURED A multi-state satellite installation company with 36 employees. SITUATION The company unexpectedly received a $499,916 audit premium notice. The previous premium was $13,530. ASSESSMENT READ MORE >>

INSURED This major landscape contractor servicing commercial properties employs 120 people and does $1.9 million in annual revenues. SITUATION A year after purchasing the company, the insured was concerned why, as a relatively new business, its Experience Mod was extremely high at 1. READ MORE >>

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