Pre Header “WE BUILD RELATIONSHIPS”  847.258.5310


Get a Quote
Interested In
Zip Code
Quick Links

Effectively Managing Comp Costs

Mistakes in a workers compensation insurance program can occur when business owners try to manage the program alone. Your insurance agent and your workers compensation carrier offer important assistance that can alleviate some of your burden and enhance your loss-prevention efforts.

For example, with an average of more than 500 job classifications, discussing job duties with your agent may help clean up any mistakes or misclassifications that could get you in hot water with regulators and employees. Properly classifying workers can be complicated, but your agent and insurer are experts at regulatory language. In fact, your agent is an excellent resource to interpret, explain and simplify any terms and conditions that are outside your scope of knowledge.

Audits are also daunting, but you don't have to go it alone. Your agent can help you with solid advice on recordkeeping and preparations that may make audits go more smoothly. Additionally, your agent can advise you on your experience modification factor and how to keep that rating accurate and favorable, since it is a key component in assigning your premium rates.

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2018
  • 2014
  • 2013

View Mobile Version


  Our Site Links
Home Page
Who We Are
Map & Direction
Get A Quote
News Center
Contact Us
    Type of Insurance
Business Insurance
Employee Benefits
Personal Insurance
Specialized Insurance
Insurance Glossary
Policy Review
     Get Connected with Heil & Kay

IRA Website