Workers Compensation Experience Modification
Experience Rating and your Work Comp PremiumExperience rating recognizes the differences among insureds with respect to safety and loss prevention. It does this by comparing your experience with the...
View ArticleValuation Date
Workers' Compensation Experience Rating Worksheet - The information on your worksheet is collected from up to 45 months of prior policy data and provided by your insurance company. Although the data...
View ArticleExperience Rating Adjustment
Understanding your Workers Compensation Experience Modification will help you prepare how to react to work related injuries. It's right there, smack dab in the middle of your Experience Rating...
View ArticlePart Two: Employers Liability Insurance
Employers Liability Insurance - the Second Part of your Worker's Compensation PolicyHave you reviewed this critical coverage to ensure there are no gaps in coverage that can leave you at risk?Your work...
View ArticleIllinois Workers Comp Classification System Overview
The NCCI provides a series of webinars on demand that give an overview of the basic components of workers compensation. Learn the purpose of classifying businesses, how classification relates to...
View ArticleIllinois Workers Comp Ratemaking
The NCCI provides information on workers compensation insurance via a series of webinars on demand, designed to give an overview of the basic components of workers compensation.Find out how workers...
View ArticleManaging Injured Employees
How do you react when an employee is injured at work? Your process to handle work related injuries has a direct effect on your Workers Compensation Costs. Being prepared for work related injuries and...
View ArticleClik here to view.
State of the Workers Compensation Line 2010
NCCI Chief Actuary Dennis Mealy delivered his State of the Line report at the Annual Issues Symposium 2010. Listen to the following presentation as this year's report outlines some difficult trends...
View ArticleWorkers Compensation Experience Rating Formula
What is the average cost per claim for losses used in experience rating in Illinois?Published in the NCCI Experience Rating Plan Manual, the Illinois Table of Expected Loss Rates and Discount Ratios...
View ArticleWorkers Compensation Program Goals
Implementing a comprehensive plan to drive down your Workers Compensation Experience Modification can be daunting task. Where do you begin? Here is a "To Do List" that will get you started down the...
View ArticleWhat are the penalties for not carrying Workers' Compensation insurance in...
From the Illinois Workers' Compensation Commission's Handbook on Workers' Compensation and Occupational Diseases:An employer that negligently fails to provide coverage is guilty of aClass A misdemeanor...
View ArticleWhat is Workers' Compensation Fraud in Illinois?
From the Illinois Workers' Compensation Commission website - Fraud Unit...Read what constitutes fraud and the associated penalties in the Illinois Workers' Compensation Act - Section 25.5....
View ArticleClik here to view.
CCPAP Credit for Contractors in Illinois - NCCI Webinar -
Illinois is one of 13 states that participates in NCCI's Contracting Classification Premium Adjustment Program (CCPAP). CCPAP addresses premium inequity between higher wage and lower wage employers.To...
View ArticleWorkers’ Compensation Premium Audit Alert!
Every year, Illinois Workers’ Compensation and Employers Liability rates can change based on the industry loss experience in the Governing Classification. NCCI compiles data for Illinois, and...
View ArticleAssigned Risk Adjustment Program
Assigned Risk Adjustment Program – (ARAP) Another reason you should carefully manage your Workers Compensation Insurance Program and Employee work related injuries. A Workers Compensation Insurance...
View Article
