Introduction Pay As You Go is a relatively new method for workers’ compensation. This new method is different from the traditional approach and has some advantages which we would discuss in this article. Both approaches mainly differ in terms of the calculation of the premium cost of your policy and the time when you…
Introduction The rating is a method used by insurance companies to evaluate their premiums. Based on different rating charts, the insurance companies can adjust their premium high or low. Experience Rating For Workers’ Comp Experience rating in the worker’s compensation is typically a representation of preceding loss experience. It means that the risk…
The Factors of Workers’ Compensation Cost While buying insurance, most business owners have this common question in mind: how much does workers’ compensation costs? Workers’ compensation is an insurance policy designed to protect both employers and employees in the case of a workrelated accident(s) or injurie(s). The cost of this workers’ comp policy varies…
What is Worker’s Compensation Certificate of Insurance? A Workers Compensation Certificate (COI) is also known as Certificate of insurance form or subcontractor certificate of insurance. If you own a business with at least three employers, then most of the states have an obligation of worker’s compensation insurance. What Does A Certificate of Insurance Details?…
Roofing Workers Compensation Insurance You know as a roofing contractor how dangerous your business can be. And you are reminded every time you get your insurance bill. But did you know Pay as You Go Workers Compensation insurance can help you save money on one of your most crucial coverages? The Nitty Gritty on…
What is Workers’ Compensation Insurance? Workers’ Compensation insurance is for the benefit of employees. It provides payment to employees for their work‐related injury or sickness. It is a way of compensating workers for lost wages because of sickness or injury. Dependants of workers who pass away during employment also receive this compensation. Construction is considered…
What is Pay As You Go Workers Compensation? Pay As you Go (PAYG) workers’ compensation allows you to make premium payments based on runtime data i-e whenever you run payroll. Your workers’ compensation insurance liability is spread out throughout the year. With traditional workers’ compensation plans, you need to pay large, fixed, and lump-sum…
Workers Compensation Insurance for Roofers As a Roofing contractor, you are stuck in a hard place. The state requires you to have workers compensation insurance, but the process of securing coverage has been very difficult and time-consuming. And when you do find coverage, the price is very expensive. UnderWrite Insurance Services was established to…
Workers Compensation Insurance In the state of Florida, businesses are required to have workers’ compensation insurance if it has more than four employees (either full-time or part-time). However, in certain industries such as construction, workers’ compensation is required for every employee. Workers’ compensation should not be seen as insurance, but rather a risk management…
Workers’ Compensation Is All That We Do! UnderWrite Insurance Services was established to help businesses who are having a difficult time securing workers’ compensation insurance, obtain coverage. What other insurance brokers deem “hard to place”, we deem easy to place. Hard to place is defined as accounts that are not accepted by both the standard…