Workers’ Comp Bullets
Informative and helpful articles about workers’ compensation
Workers’ Compensation Articles
Do’s and Don’ts on Work Comp Applications
Do’s and Don’ts with WC applications APPLICATION: Always use the ACORD 130, in FL 130-FL. ID: Federal Employer Identification Number (FEIN) is required for all corporations or LLCs. The account is reserved by their FEIN for most carriers. For sole proprietors or...
Think Like a Workers’ Compensation Underwriter
Whenever you have a commercial client seeking workers’ compensation (WC), this quick review will help you to think like an underwriter, allowing you to obtain quicker responses from underwriters. The most important factor is to remember that WC is all about the...
Common Workers’ Comp Terms
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...
Top Mistakes Made on WC Submissions
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...
Teach Your Clients To Be Safety Minded
Nearly all business owners are in business for one primary reason - to make money. But the motivation to just make money can be costly later. One way this is particularly true is with their Workers’ Compensation (WC) policy. When business owners have a cavalier...
Workers’ Compensation in Florida: Getting The Most Competitive Quotes
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...
A Few Lesser-Known Facts About Workers’ Compensation
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...
Workers’ Compensation Submissions: Common Mistakes to Avoid
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:...
Understanding the Main Points of PEO v. Standalone Workers’ Compensation (WC)
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...
You can help business owners avoid negative practices regarding workers’ compensation
Many business owners, especially new ones, have so many challenges to consider like hiring employees, payroll burdens, and of course insurance. As your client’s insurance agent, it becomes important to help them see what they might be missing. Eager business owners...