Guardrail Safety
You should be familiar with OSHA’s requirements for guardrails so that you can identify locations that need to have guardrails installed, and know the key components of a standard guardrail. In many situations, other fall protection systems may be used instead of guardrails, such as personal fall arrest systems or safety nets. If guardrails are used, remember these guidelines on where and how […]
Understanding your workers comp experience mod (part 2).
Last week’s post briefly what your workers comp experience mod is and how it affects your premiums. This week we will discuss the importance of understanding the time period over which your experience mod is calculated, how NCCI evaluates your prior losses, and tips for keeping your experience mod low. What is the experience rating […]
Understanding your workers comp experience mod (part 1).
The experience modification factor is a key component of your workers compensation premium. Understanding where this number comes from and how it is calculated is a very powerful tool to help restoration contractors minimize their workers compensation premiums. The majority of states work with the NCCI (National Council on Compensation Insurance) for determining the calculation […]
What does Additional Insured mean?
The experience modification factor is a key component of your workers compensation premium. Understanding where this number comes from and how it is calculated is a very powerful tool to help contractors minimize their workers compensation premiums. The majority of states work with the NCCI (National Council on Compensation Insurance) for determining the calculation on […]
Workers Compensation and Fall Protection
One of the most frequent workers compensation claims associated with contractors is falls. Employees falling off of ladders, scaffolding, or even roofs is a serious issue and a single claim can dramatically affect your insurance premiums. Every company should have a Fall Protection Plan that addresses the use of conventional fall protection at a number […]
Understanding Your Workers Compensation Calculation Part 2
Last week’s post briefly what your workers comp experience mod is and how it affects your company’s premiums. This week we will discuss the importance of understanding the time period over which your experience mod is calculated, how NCCI evaluates your prior losses, and tips for keeping your experience mod low. What is the experience rating […]
Understanding Your Workers Compensation Experience Mod Part 1
The experience modification factor is a key component of your workers compensation premium. Understanding where this number comes from and how it is calculated is a very powerful tool to help businesses minimize their workers compensation premiums. The majority of states work with the NCCI (National Council on Compensation Insurance) for determining the calculation on […]
