Pennsylvania Compensation Rating Bureau (PCRB)的动态

On this Labour Day, let's renew our commitment to justice and equality, ensuring respect, opportunity, and security for all workers, whether in bustling cities or quiet rural corners. #LabourDay #UnionAssurance #Insurance #LeadingLifeInsurer #FinancialPlanning #SriLanka #Laborday ?

???? Here's a stigma that needs to be broken about Worker's Comp insurance for Hospitality groups: Workers' Comp claims are one of the most common types of claims you'll have - this is true and often unavoidable. The phrase 'self-funded' sounds risky.... until you learn that TPAs are middle-men that collect fees and commissions on the cost of medical services provided to your injured workers. If you scrutinize the cost of care received... you WILL find the actual cost of treatment is significantly lower than what they're telling you. TPAs have ZERO financial incentive to help lower your costs... in fact they benefit when you pay more. When you self-fund your deductible and overall cost of your Workers' Comp coverage... you will have more cash on-hand to invest in your employees and business. Everything costs more now than it did 2 years ago. If you're curious or are in need of restructuring your financial spend please reach out for a more formal explanation and I will show you the data and numbers. #workerscomp #insurance

Insurance Tip of the Day: Did you know that every business with Workers' Compensation in New York State is assigned an "experience mod" by the New York Compensation Rating Board (NYCRB)? This rating reflects your business's claims history and can lead to either credits or debits on your total premium. In other words, maintaining a safe workplace can lead to significant insurance savings! #InsuranceTip #WorkplaceSafety #WorkersCompensation

#WorksCompWednesday Did you know that OIEC works closely with the Texas Department of Insurance and their Division of Workers' Comp? OIEC steps in when you need help with a dispute, but TDI helps with regular claims. #FirstResponders #InjuredWorkerSupport #InjuredEmployeeAdvocacy #WorkersComp #SupportingInjuredWorkers

?? Good News for New Jersey Staffing Firms: Workers' Compensation Rates Decrease! The New Jersey Compensation Rating and Inspection Bureau has approved a 6.9% average statewide rate decrease for workers' compensation and employers' liability insurance. ?? Effective Date: New and renewal policies will reflect these changes starting January 1, 2025. ?? Updated Benefits: Maximum Weekly Benefit: Raised to $1,159 (from $1,131) Minimum Weekly Benefit: Increased to $309 (from $302) This rate decrease aims to help New Jersey businesses manage costs while ensuring enhanced benefits for employees.

A 1% reduction in Florida workers’ #compensation rates goes into effect Jan. 1, marking a minor shift in the voluntary market. Discover how this change might impact your business in our article. #Insurance #Claims

Unless you’re in a high-risk industry, your workers’ compensation costs may feel more manageable in 2024 (as compared to other insurance coverages). The relatively “soft” workers’ compensation insurance market has been a welcome break for many employers. But don’t get too comfortable. There are workers’ comp issues you need to plan for as you look ahead to 2025. Read more: https://hubs.ly/Q02R7JnV0

How long can superior operating results and stable market conditions continue in workers compensation insurance? According to the latest “State of the Line Report” from the National Council on Compensation Insurance (NCCI), the line is well-positioned for continued stability and profitability after several years of underwriting profits. In a recent article in The Rough Notes Company, Inc., a variety of insurance experts share their expertise on the future of #WorkersCompensation. Read it here: https://ow.ly/uxqP50UapjK #WorkersComp #WorksComp #InsuranceBroker #InsuranceAgent #WorkplaceSafety #EmployeeBenefits #InsuranceTips #InsuranceAdvice

A 1% reduction in Florida workers’ #compensation rates goes into effect Jan. 1, marking a minor shift in the voluntary market. Discover how this change might impact your business in our article. #Insurance #Claims

ICYMI: When it comes to Workers' Compensation, how does a business successfully balance the need for protecting their employees while managing costs and maintaining productivity? Check out The CIA Insider: 5 Key Workers' Compensation Issues and How to Solve Them https://hubs.li/Q02NRlbh0 #CIAInsures #NowYoureCovered #insurance #securityguard #securitysystems #firesuppression #homehealthcareagency #janitorialservices #workerscompensationinsurance