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Featured Coverage – Workers Compensation

In today’s market, workers compensation is becoming the most costly line of insurance for businesses.  It is also one of the most difficult policies for agents to place.  Many insurance companies have restricted their guidelines for writing work comp; some are pulling out all together and others are increasing their pricing.  With options becoming more and more limited, many companies end up with no other options but to be placed in the assigned risk pool, which means dramatically higher pricing.   

Other factors are also impacting how much you will pay for work comp.  As of January 1, 2013, NCCI has made significant changes to your Experience Mod Factor Calculation.  By raising the “split point” of a claim (primary loss) from $5,000 to $15,000 over the next 3 years, any claim over $5,000 will impact your E-Mod more than it did prior to the change.  In the past, the amount of the claim over $5,000 (excess) was factored at a much lower rate than the primary loss.  Before, a $15,000 claim would have counted as $5,000 primary and $10,000 excess.  With the new formula, the entire $15,000 claim will count as primary against your E-MOD. 

The new formula will require that companies manage their claims like never before.    

Gilbert Insurance Group has the programs in place to help you do just that…

Click the logo to learn more about TRIAGE NOW, a nurse triage service offered through Gilbert Insurance Group.

“Get TriageNow today and get your employees back to work sooner without costly ER visits! We make sure any workplace injury is properly taken care of by making sure any and all trips to the ER are completely necessary”