Thursday, November 7, 2013

Understanding How Workers Comp Insurance Premiums Are Calculated

Working day in and day out checking over Workers Comp insurance audits and policies, it's sometimes easy to forget that, for a lot of small or new employers, there can be a lot of mystery and misinformation surrounding the cost and coverage of a Workers Compensation insurance policy. Insurance agents don't always do as good a job as they might explaining the fine details of these matters, particularly in the case of small businesses that don't generate a lot of premium and commission.

We've put up a lot of information on these subjects on our website, cutcomp.com. In fact, we have a whole online guide to these subjects.  You can find out detailed information there about remuneration, classification codes, experience modifiers, premium audits, and related matters.


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