Essential Takeaways Most business owners understand that workers’ compensation claims will increase their insurance premium at renewal. But many don’t understand how the formula actually applies to their payroll, how long a claim remains in the experience period, or why a $6,000 claim might cost more than $6,000 after all the calculations are complete. This […]
Specialty Insurance
Workers’ compensation premiums are generally set using a standard class-code rate that is applied to payroll, modified according to a company’s accident history and a carrier’s expenses. Learn how premiums are calculated and steps you can take to reduce your costs. In Connecticut, workers’ compensation premiums are largely based on the classification of the work […]
Essential Takeaways: Most Connecticut business owners receive a workers’ comp quote and either accept it or shop around for a lower rate. Neither approach, however, verifies whether the calculation behind the premium is correct in the first place. Every workers’ compensation insurance CT premium is calculated using a defined formula based on three factors. Understanding […]
Essential Takeaways: Many small business owners in Connecticut think about workers’ comp the same way they think about payroll, which is per head. The problem is that workers’ compensation insurance CT premiums are not calculated that way, and approaching them as a flat per-person cost can result in budgets that don’t fare well in the […]
Essential Takeaways: Connecticut is a highly desirable place to own a home, thanks to its charming colonial architecture and scenic coastal views. However, there is also another reality many homeowners must address: some properties can be very challenging to insure via standard carriers. Has your home been declined homeowners’ insurance or non-renewed? Most insurability problems […]
Essential Takeaways: Connecticut workers’ compensation insurance for trucking companies has little in common with standard policies that require filling out a quick form and moving on. The state has a series of complicated rules and class codes governing trucking, not to mention its reputation for scrutinizing worker classifications. Interstate coverage requirements only add to the […]
Essential Takeaways: At high-risk recreation businesses, accepting the potential for danger is part of the job. Whether the operation involves whitewater rafting, extreme sports instruction, paintball, rock climbing, or zip lines, there is a very real chance of becoming injured, possibly severely. A standard workers’ compensation policy is not made for these types of environments, […]
Any pet shop owner can attest to the fact that running a pet shop isn’t like running a typical retail store. Although there may be some similarities in terms of customer service, inventory management, and day-to-day operations, pet shop owners encounter distinct challenges when it comes to insurance coverage that standard business policies can’t properly […]
