Workers' Compensation Insurance Rates Increase Accross The USA

July 31, 2012 Posted by admin

BusinessInsurance.com published an article on July 29th, 2012 discussing the workers? compensation rate increases across the United States and what some companies are doing about it.

Some of the key points:

Liberty Mutual, the largest writer of Workers? Comp insurance, has raised rates on Middle Market workers compensation policues?by an average of 12.1% during the 2nd quarter.

As rates increase, many businesses?are leaving their fixed cost policies behind for loss sensitive plans where they have more control over their premiums.

What you can do?

1- The most important fact in determining your net Workers? Compensation Insurance costs is how well you control losses. If you do not have a loss control or injury prevention and treatment plan in place, or your current one has not been effective, getting it in place and working is step one.

?2- If you pay $100,000 or more in Workers? Compensation Insurance premiums and have good controls in place, a?loss sensitive plan such as a large deductible plan or Group Captive Insurance program might help you gain long term control over your workers? compensation insurance costs.

Note: The ?Webinars and Video? section of our website?includes how to control your losses as well as group captives.??https://www.sbhins.com/webinars-and-video/

Here is a link to the entire article on BI.com: http://www.businessinsurance.com/article/20120729/NEWS08/307299979?tags=|329|76|304|92

This infomration is brougth to you by James S Smith, of Smith, Buckley & Hunt Insurance Agency, your Mass workers? compensation insurance resource.

Jim can be reached at Jim@sbhins.com or at 508-586-5432

?

?

?

Source: http://www.massworkcomp.com/?p=179&utm_source=rss&utm_medium=rss&utm_campaign=workers-compensation-insurance-rates-increase-accross-the-usa

van der sloot heather locklear mlk memorial mlk memorial heather locklear hospitalized joplin tornado extreme makeover home edition