by Keith Steverson, M.A., Vice President, Omega Insurance Solutions | Nov 4, 2024 | Workers' Comp
Wish you knew more about workers’ compensation (WC)? Omega can help. In this new WC Bullets article, we will discuss common terms related to WC. Manual premium? This is the raw premium of the WC rate times payroll at a per hundred. Once you apply credits, premium...
by Keith Steverson, M.A., Vice President, Omega Insurance Solutions | Jul 1, 2024 | Workers' Comp
As an independent agency, you are tasked with multiple lines of insurance which is sometimes quite the mountain of work and responsibility. With workers’ compensation (WC) being the only line Omega writes, we tend to know the many pitfalls’ agents and CSRs fall into...
by Keith Steverson, M.A., Vice President, Omega Insurance Solutions | May 28, 2024 | Florida, Workers' Comp
In Florida the workers’ compensation (WC) rates are fixed, so there is no benefit in shopping from carrier to carrier as far as base WC rates go. So, how can you provide a more competitive quote in FL? There are a few ways to still be competitive even with fixed...
by Keith Steverson, M.A., Vice President, Omega Insurance Solutions | May 28, 2024 | Workers' Comp
You may know your way around the world of workers’ compensation (WC) pretty well, or well enough to get by. What about Wrap-Up coverage? US&LH v. State Act? Experience Mods? Stop Gap coverage? Volunteer endorsements? Ghost policies? WC v. Employer’s Liability...
by Keith Steverson, M.A., Vice President, Omega Insurance Solutions | May 15, 2024 | Workers' Comp
If you are new to writing workers’ compensation (WC), we’ve got you. Omega will help you understand what you need to know in order to help your prospective clients get the WC they are seeking. Below are some common mistakes that we see on WC submissions: No FEIN:...
by Keith Steverson, M.A., Vice President, Omega Insurance Solutions | May 14, 2024 | PEO, Workers' Comp
First Up: PEO Handles payroll service exclusively. Will often quote risks that standalone markets decline. Covers ONLY enrolled employees on WC. 1099 or cash labor would never be picked up for claims.Charges for WC plus Admin, and SUTA is often higher. Some PEOs do...
