Workers Compensation Insurance, is required by regulation in most states when you have W2 employees. In
some states the requirement may include that you cover your 1099 contractors, in this case should you use a
contractor or sub-contractor you must require that they provide you with a certificate of work comp insurance,
naming you as a certificate holder. If the contractor or sub does not carry any work comp coverage you could be
responsible for their coverage at the expiration of the policy when the audit is conducted.
If you do find yourself in this situation, although you may have to pay for contractors you can talk to a Byrne - Kim
professional and discuss possible ways of getting the charges reduced.
California, Delaware, Indiana, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Carolina,
Pennsylvania, Texas, and Wisconsin on the other hand, have their own government-run rating bureaus that
are separate from NCCI.
Because of the strong relationships we have developed with insurance companies, we can successfully place
coverage for tough lines of business or special classes of employment. And we see to it that our clients receive
excellent claims and loss control service, whether from an insurance company, or a third-party administrator.
Our service don't stop there, Byrne - Kim has programs in place that help our clients help reduce their workers
compensation rates, and help reduce injuries and lost time.
To find out more click CompFixSolutions and our CompModAudit programs.
some states the requirement may include that you cover your 1099 contractors, in this case should you use a
contractor or sub-contractor you must require that they provide you with a certificate of work comp insurance,
naming you as a certificate holder. If the contractor or sub does not carry any work comp coverage you could be
responsible for their coverage at the expiration of the policy when the audit is conducted.
If you do find yourself in this situation, although you may have to pay for contractors you can talk to a Byrne - Kim
professional and discuss possible ways of getting the charges reduced.
- Workers' Compensation Insurance is designed to protect your employees should an injury occur during
the course of employment. All states require all employers to carry Workers' Compensation coverage, but
each state have their own individual laws that must be met to satisfy the requirements.
- Employers who have one or more employees are subject to the provisions of their states Disability
Benefits Law. Coverage usually consists of medical care, temporary disability benefits, permanent
disability benefits, vocational rehabilitation services, and death benefits.
- Workers' Compensation premium calculation is based upon how employees are classified according to
their specific work duties and the rate assigned to each corresponding employee classification. Most
states use the National Council on Compensation Insurance (NCCI) for this work, but a few states have
their own rating bureau. California uses the Workers Compensation Information Rating Bureau
(WCIRB), which is an independent company separate from the NCCI.
- NCCI is a private corporation, created and funded by member insurance companies. It is approved by the
California, Delaware, Indiana, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Carolina,
Pennsylvania, Texas, and Wisconsin on the other hand, have their own government-run rating bureaus that
are separate from NCCI.
- Rating - Workers' compensation insurers assign a specific rate to each occupational classification code,
contact your Broker for more information.
Because of the strong relationships we have developed with insurance companies, we can successfully place
coverage for tough lines of business or special classes of employment. And we see to it that our clients receive
excellent claims and loss control service, whether from an insurance company, or a third-party administrator.
Our service don't stop there, Byrne - Kim has programs in place that help our clients help reduce their workers
compensation rates, and help reduce injuries and lost time.
To find out more click CompFixSolutions and our CompModAudit programs.
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Tel. (949) 249-2540
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Tel. (949) 249-2540
Or use our Contact Us form to
submit an email.
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