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If
you have your own workers compensation policy and have
had a frequency of claims or some severe claims, you have
seen your experience modification sky rocket from 1.00
times the State rate to 2.00 or 3.00 times the State rate
and that makes you uncompetitive in the market place.
This rating system is not really fair. For example, some
of your employees can be involved in vehicle accidents,
none of which was their fault, and all of their injuries
became workers compensation claims under your policy.
The frequency of those claims are held against you, and
if the dollar amount of your claims in one year exceed
your premium for that year, you encounter an experience
modification problem immediately that will last for several
years thereafter.
One way to avoid this unfair treatment by the "system"
is to use the services of a Professional Employer Organization
(PEO), which is also called an Employee Leasing Company.
Most PEO's have an experience modification of 1.00 times the State WC rate, and often it is much less than that. When you buy your workers compensation coverage through a PEO they will carefully re-evaluate your actual claim frequency, severity, and injury details during the last 5 years and adjust your future workers compensation costs accordingly.
Let me give you a proposal to show you just how much this
can save you. Just fill out my request form, and I will
get it right to you.
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