Why Self Insured Groups may not be the answer for your firm. Recently I have been made aware of a couple of burgeoning Self Insured Groups (SIGs) that are active in the Central San Joaquin Valley. One of them is Agriculture specific, and has had success in the Farm Labor Contractor
This is what has unfolded after the Department of Insurance repeatedly refused to believe or accept suggested rate changes over the past 4 years or longer. Basically no elected official would ever tell the public that the rates for workers compensation coverage in the state of California were going up substantially.
Free Webinar on the topic of EMERGENCY ACTION PLANS Where? – Your Desktop When? – Thursday November 10th, 2011 at 2 P.M. Are you Compliant with the regulation? What does it take to be compliant with the regulation? What is the penalty for non-compliance? How do I build one for my firm? VanBeurden Insurance Services, Inc. believes
Here is a link to a great article about the importance of MPN notification and keeping control of medical care of California work comp injuries. http://pknwlaw.com/Newsletters/Q4-2011/ReacquisitionofMPNControl.html
High Experience Mod x Low Rate = High Premium It is very simple math. Your Experience Modification is a multiplier of your rate and your true cost. If your current experience modifier is 125 or more, that is higher than average and extremely higher than your minimum allowable experience mod.
The number of players in the California Work Comp Market right now is staggering. I do not believe that California consumers have ever had this wide range of choice in selecting an insuring company. The widening of this market has brought relative chaos to the old orderly system, which did
Many of my clients come to me because something is broken in the way they handle their Workers' Comp claims. They come to me when they have an out-of-control experience mod and their costs are beginning or already hitting their profit margins. Ultimately, I am trusted to look at their claims
Here's an article from the Workers' Comp Executive News Digest that helps to explain why it is so very important to investigate self-funded plans before buying into one. There are many self-insured groups active in California (some have already failed), including many Professional Employment Organizations (PEO's) that self-fund or manage a
Chronicled in a couple of my previous posts, is the tale of how not to attack your way into the California Workers Compensation marketplace. If you review my blogs dated May 3rd, and November 3rd of 2010, you will get background on the saga of Majestic Insurance Company and its
The “Coming and Going Rule” basically states that when an employee is traveling to work or traveling home from work and they are injured in a motor vehicle accident, they are not covered by workers compensation. The injuries suffered are not compensable because the employer derives no benefit from an