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Tag: worker’s compensation

25
Oct

Workers’ Compensation Challenges: The 5 Most Common Claims Employers Encounter

In the dynamic landscape of the modern workplace, ensuring the safety and well-being of workers is paramount. However, accidents can still occur, leading to workers’ compensation claims that employers must navigate. Understanding the most prevalent types of claims is essential for employers and employees.  This article will explore the five most common workers’ compensation claims employers often face. Slip and

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7
Jun

The Impact of Workers’ Comp Claims on Employers

Workers’ compensation, often called workers’ comp, is an insurance program designed to provide medical benefits and wage replacement to employees who suffer work-related injuries or illnesses. While it primarily focuses on supporting injured workers, it’s equally important to understand its implications for employers. This blog will discuss how a workers’ comp claim can affect employers and focus on their responsibilities

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29
Dec

What is an Experience Modification?

Experience Modifications can help to lower the cost of your worker’s compensation costs. Your experience modification rating, also known as your Experience Mod, is directly correlated to how much you spend on your worker’s compensation premiums. The lower your Experience Mod is, the lower your premiums will be. In order to fully understand how to use your Mod to control

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4
May

Two Insurance Policies That Your Business Needs

Two Necessary Commercial Insurance Needs While any business insurance policy you invest in will help to protect your business from any peril, two available policies are more important than the rest – worker’s compensation and a business owner’s policy. Investing in these two policies can help to transform your business for the better. A business owner’s policy, or BOP, combines

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29
Oct

Worker’s Compensation 101

Owning your own business comes with a lot of responsibility, including making sure that your employees are protected in the event of a work related accident. If you have employees, the law in the State of Connecticut requires Workers Compensation coverage.  Failure to provide this coverage for your employees could result in a fine of up to $50,000. Workers’ compensation

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