Workers’ Compensation in the Agriculture Industry Workers’ compensation insurance for employers in the agriculture field is normally provided by insurance carriers who market to this field. The cost of coverage is about average (except for livestock farms and stables which runs about double other farming operations). The frequency and severity of claims is comparable with …
Archives for 2012
Amusement Parks
Workers’ Compensation in the Amusement Park Industry The cost of workers’ compensation insurance coverage runs about double for amusement parks compared to the cost of work comp coverage in general. The higher cost of coverage is reflective of a higher frequency of accidents. The coverage is available from insurance companies who specialize in this market …
Banking
Workers’ Compensation in the Banking Industry With a predominantly white-collar workforce, workers’ compensation insurance for the businesses in the banking sector is often easy to come by and is priced well below most other industries. Workers’ comp coverage cost is much lower due to the low frequency of claims and lower than average severity when …
Casinos
Workers’ Compensation in the Casinos Industry Workers’ compensation insurance for employers who operated casinos is slightly higher in cost than for work comp coverage is in general. Most casinos are insured by companies that specialize in this market. The geographical spread of casinos is growing. Casinos are no longer limited to Las Vegas and Atlantic …
Commercial Fishermen
Workers’ Compensation in the Commercial Fishing Industry State workers’ compensation benefits do not normally apply to commercial fishermen. When commercial fishermen, mariners or seamen are injured while working, they are covered for their injuries under the federal Jones Act and Federal Maritime Law. Insurance coverage for commercial fishermen is written by insurance carriers who specialize …
Construction
Workers’ Compensation in the Construction Industry Employers in the construction industry normally obtain their workers’ compensation insurance from insurance carriers who specialize in this market. The premium cost of work comp insurance is higher in the construction industry than in most industries. This is due to the high frequency of claims combined with higher severity …
Entertainment
Workers’ Compensation in the Entertainment Industry Workers’ compensation insurance for entertainers is a highly specialized field with insurance carriers who market to this industry. The cost of work comp coverage for entertainers is very high as a percentage of payroll, exceeding the cost of explosive manufacturers, coal miners and roofers (but cheaper than aerial firefighters …
Federal Government
Workers’ Compensation in the Federal Government Workers compensation benefits for over fifty million federal employees (including the postal service) are provided by the American taxpayers. The federal government is self-insured. All federal workers compensation claims are overseen by the Office of Worker Compensation Programs, a division of the United States Department of Labor. Read More: Lowering …
Food & Beverage Manufacturing
Workers’ Compensation in the Food & Beverage Manufacturing Industry Employers that manufacture and sell food and beverage products normally can obtain workers’ compensation insurance without much difficulty. The overall cost of work comp insurance coverage runs higher than the average industry due to the greater risk associated with manufacturing. The cost of work comp coverage …
Horse Racing
Workers’ Compensation in the Horse Racing Industry Employers in the field of horse racing face much higher cost for work comp insurance due to the greater risk (higher frequency and higher severity) involved for both jockeys and handlers of the horses. Horse racing tracks have associations where the members often self-insure for work comp coverage. …
