Employers Direct Insurance Company Leaving California

Holy Cow! What happens to Employers Direct Insurance Company policyholders who bought workers comp insurance from this company now that they've decided to stop writing workers comp in California? Check here for answers to your workers compensation questions.

Employers Direct Insurance Company is a workers comp insurance carrier who does business in California, Illinois, Idaho, Colorado, Arizona, Nevada, Oregon and Utah. They are famous for writing workers compensation insurance directly to employers without going through a broker. Usually companies like this sell workers comp at rock bottom prices relying on the lowest price as the attraction for employers to do business with them. Employers Direct has decided to leave the California workers compensation market by not writing any new business in the state. This after they announced earlier a request to California for about a 39% rate increase. Company officials have indicated that they will continue to service existing customers.

Unfortunately you can expect to see more companies following their example, given the poor workers compensation environment in California.

Establish Work Comp Code Procedures For Your Business

Learn how to prepare for a work comp audit. Proper preparation to an upcoming audit may just ward off a ton of bad stuff later.

It's not hard to find an insurance professional, fluent in the language of workers compensation, that can help you prepare for a workers comp audit. When an employer goes through the audit process unprepared, they are asking for nothing but trouble. Turn to the Internet for help! Just Google "workers compensation consultant" and you'll find quite a few folks out there who all have good opinions on the best way to prepare for an audit. You'll find most of the suggestions are very common sense. Things like having your payroll records handy for the auditor. But there are several other items you should be aware.

One of the most important things you can do for your business is to establish a workers comp code procedure. A workers comp code procedure, once properly established, will help your company prepare ahead for dealing with workers comp premium issues. You may need help doing this especially if your business operates in more than one state and involves non-NCCI advisory authorities.

For help with these workers compensation issues contact Workers Compensation Consultants!

Workers Compensation Premium Review

Do you need a workers comp premium review? YES!!!

If you are an employer, in any state, and have a workers compensation insurance policy then YOU NEED A WORKERS COMP PREMIUM REVIEW!! You might just be wondering why?

Simple, insurance companies make premium mistakes on workers comp policies EVERY DAY! (kinda sounds like I'm worked up..) It's just amazing the amount of overcharged premium dollars that employers pay and pay and pay and don't bother to speak the simple word why, why, why do I seem to be paying so much more for workers comp than my friend in the same business down the street? Why do my workers comp premiums just keep going up? Why do I get hit with large audits each and every year?

Here's what I'm told: "But I thought my agent was taking care of me!"

I usually hear that after a workers comp premium review has discovered mistakes and identified overcharges the client has been paying to the insurance company for years!

So, learn this, mistakes are made every day, don't be a victim and pay more for workers compensation insurance than you need. Have a workers comp premium review completed today! Reviews shouldn't cost you a penny unless the work comp consulting company can get your money back. Then you share with them. It's like a windfall for the employer. The employer gets money back they didn't even know was out there!! Check with Workers Compensation Consultants, they can help.

Premium Recovery

What is Premium Recovery? Premium Recovery is when you have unknowingly overpaid insurance premiums and have an independent firm work on your behalf to get that overpaid premium back in your pocket! Check with Workers Compensation Consultants, a professional workers compensation consulting firm who specializes in premium recovery. You'll find there are many companies who work in the field of premium recovery. All you have to do is check out the web and you'll understand. When looking for someone to help with this problem it's best to seek out those who have insurance experience. While many firms are rooted in accounting, you'll find those with the insurance knowledge and experience are the ones who can help you the most.

So if you think you need help recovering overpaid premiums on your workers compensation policies or other insurance policies be sure to contact Workers Compensation Consultants. They can do the job for you!

Workers Compensation Policy and Code Review!

How many times do I have to remind you to have your workers compensation policy reviewed! A work comp policy review should include; a review of your workers compensation codes, a review of all premium calculations on your policy, a review of your audits, a review of your experience modification and other premium factors, a review of all credits applied to your policy and a review of proper application of payroll limitations.

I've recently been asked by several new clients to review their policies and have found errors in each. Errors that have cost these employers several thousands of dollars! We've been successful in recovering most of the overpaid premium however this all could have been avoided if these clients had called earlier and allowed us to set up an annual review of their policies. So, don't forget, be PROACTIVE! Have your workers compensation policies reviewed!

Vermont Workers Compensation Rates

Great news for Vermont employers! Vermont Workers Compensation rates are heading down! Recent news indicates NCCI, the National Council on Compensation Insurance an advisory organization, has recommended a 13% roll back in rates for Vermont employers. When asked why the improvement, reduced claims are cited as the reason. There you go. Less claims dollars paid usually equates to lower rates. Of course the suggestion by NCCI to roll back rates 13% must be approved by Vermont authorities before put into action. Oh yea, that 13% roll back is also the suggested average rate roll back. In truth not all class codes will experience a reduction, some classes may see increases while others may see reductions...keep in mind this will be an average reduction.

Way to go Vermont employers! Doing everything you can to keep workers compensation costs in check!

Thanks

West Virginia Workers Compensation Options Now Available

About a year after West Virginia Workers Compensation moved from being one of the few remaining monopolistic states to an open market it is being reported that out of the 198 insurance companies that filed to do business in the state somewhere around 150 now have active policies. Seems like a good sign for the future success of the West Virginia workers comp market. Evidently these companies have decided that the workers comp environment is one in which they can make money. I say good for West Virginia! Open competition for a product like workers comp is the only way to go! It is a new day for the employers in this state who now have options when it comes to securing workers compensation insurance coverage.

If you need help with workers compensation problems in West Virginia be sure to check with Workers Compensation Consultants, a professional workers comp consulting firm.

Thanks!