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Tag: worker’s compensation
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
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
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
