Workers’ Compensation for Professional Services: Accountants, Architects, Attorneys, Consultants, Engineers With a predominantly white-collar workforce, workers’ compensation insurance for professionals is often easy to come by. The cost of work comp coverage is much lower than average due to the low frequency of claims and lower than average severity when the claims do occur. Most …
Archives for 2012
Restaurants
Workers’ Compensation for the Restaurant Industry Workers’ compensation insurance for restaurant owners is available from various insurance carriers. Work comp coverage cost is below average for most job classification codesincluding: Servers Cashiers Busboys Dishwashers Management. The cost of coverage for the cooks is above average for all occupations. Restaurants are found everywhere with a mixture …
Retail Chain Stores
Workers’ Compensation for the Retail Chain Store Industry Workers’ compensation insurance coverage for retail chain stores — drug store chains, auto part store chains, “big box” retailers and small box chain retailers — cost significantly less than work comp coverage does in general. Coverage is readily available from most of the work comp insurance carriers. …
Roofing / Roofers
Workers’ Compensation in the Roofing Industry Roofers Roofers are considered a high-risk classification for workers compensation insurers. Many roofing businesses are small, making them less appealing to a workers compensation insurance carrier. Workers compensation insurance for roofers is both expensive and difficult to obtain. Obtaining workers compensation insurance for roofers includes: The standard insurance market …
Schools
Workers’ Compensation for Schools / Education Industry The most common way for schools to address their work comp insurance needs is to form governmental pools. This is where schools join together to self-insure their workers’ compensation exposures. Governmental pools can be groups of schools in a local area, or the entire state There are also …
Sports Teams
Workers’ Compensation for the Sports Team Industry Workers’ compensation coverage for sports teams is provided by insurers who specialize in this market. Some of the professional sport leagues have their own captive insurance company to provide their work comp coverage. Workers’ compensation insurance costs for sports teams can be extremely high due to the obvious …
State & Local Government
Workers’ Compensation for State & Local Government Local and state governments self-insure their risk. A state government has several hundred agencies. State governments will have a state owned self-insurance programand will either: Administer their own workers’ compensation claims, or Farm out the claims administration to a third party administrator (TPA) Municipalities, counties, parishes, and other …
Telecommunications
Medium and small size employers in television, radio, telephone and internet companies can usually obtain workers’ compensation coverage from insurance carriers without difficulty. Most of the national and international companies either: Self-administer their workers’ compensation program, or Have a captive insurance company with a contractual Third Party Administrator (TPA) to handle their claims. The cost …
Temporary Staffing Agencies
Workers’ Compensation for the Temporary Staffing Industry Temporary staffing agencies purchase their workers’ compensation coverage from insurance carriers who specialize in this market. In most states the employees of the temporary staffing agency are considered employees of the agency, not of the agency’s client. The cost of coverage fluctuates based on the nature of the …
Transportation / Fleet Companies
Workers’ Compensation for Transportation / Fleet Industries The cost of workers’ compensation insurance coverage is very close to the median for work comp in general for bus companies, shuttle bus services and taxicab fleets. There are work comp insurers who specialize in this market, but the coverage is also available from most work comp carriers. …
