Save Premium – Check Your Class

An Excerpt From My Book, Simmonds on Workers' Compensation Insurance: Your workers' compensation rates are based on the business and industry in which you work. There are over 600 employment classifications in workers' compensation for different industries; from "Abrasive Wheel Manufacturing" to "Zoo." Important point: your company receives a … [Read more...]

Employers’ Liability Coverage

An Excerpt From My Book, Simmonds on Workers' Compensation Insurance When the topic of workers' compensation is discussed, the conversation usually concerns state mandated benefits for medical expenses and lost wages. There is a second, less well known, part of the policy – employers' liability. When a worker is injured, workers' compensation … [Read more...]

How Your Workers’ Comp Premium is Calculated

An Excerpt From My Book, Simmonds on Workers' Compensation Insurance: The workers' compensation insurance premium calculation is pretty straightforward. In short, the insurance company takes your payroll in the various classifications and multiplies it by a rate per $100 of remuneration. If you have several different employment … [Read more...]