Sentences with phrase «workers compensation policy»

For example, suppose you receive a letter from your insurer stating that it has decided to cease writing workers compensation policies in your state.

For instance, an agent might earn say, a 10 percent commission on workers compensation policies and 15 percent on general liability policies.

For instance, an insurer that pays 10 percent for a new workers compensation policy might pay only 9 percent when the policy is renewed.

For example, an insurer might issue commercial auto policies through one subsidiary and workers compensation policies through another.

The standard workers compensation policy contains various exclusions.

It is automatically included under Part Two of the standard NCCI workers compensation policy.

A recent report by insurance broker Marsh warned that insurers have begun scaling back workers compensation policy options available to businesses with high concentrations of employees in major cities — amounting to a de facto transfer of risk onto buyers.

Suppose that you were charged a $ 6,000 premium at the inception date of a workers compensation policy that began on June 1, 2017.

Some states even require there to be a workers compensation policy in place if there are two or more workers.

If your business employs workers, you are probably required by state law to purchase a workers compensation policy.

This article will explain the meaning of this term under general liability, commercial auto, commercial property and workers compensation policies.

A workers compensation policy automatically provides all the benefits mandated by a given state's workers compensation law.

Many states obligate insurers to audit all workers compensation policies whose estimated annual premium exceeds a certain threshold, such as $ 10,000.

If you are looking for an occupational accident insurance definition, this is a policy that is designed to offer benefits to independent contractors and employees who not covered under a workers compensation policy.

These benefits should be provided by a workers compensation policy, disability policy or government program.

With a workers compensation policy, you get statutory benefits, but with an occupational accident insurance policy, you must make the following choices:

However, if you opt out of all or part of your state's workers compensation program, you assume liability for the same benefits you would have available to you under a workers compensation policy.

This coverage is provided under Part Two of the client's workers compensation policy.

Lost Income / Wages — Should the insured be prevented from working due to injuries, a Workers Compensation policy would cover temporary payments.

Call Encharter Insurance today at 888.754.8299 or use our online form and contact us to receive your workers compensation policy quote.

A workers compensation policy obtained in a monopolistic state does not include employers liability coverage.

If you have five or more employees, you'll also need a workers compensation policy.

Are Owners Protected Below A Workers Compensation Policy?

You now have 120 days to obtain another workers compensation policy.

This coverage is included in your workers compensation policy under Part Two.

Finally, if they have employees they will need to get a workers compensation policy.

Accounting Clerk (Premium Audit Analyst) Job Summary: Processes manual and mechanically rated physical and voluntary payroll audits for P&C and / or Workers Compensation policies.

If not a workers compensation policy does not really give any additional protection.