Cost of Truckers Workers Comp Workers compensation insurance for interstate trucking companies can be hard to obtain because the insurance company underwriter has difficulty accessing the risk. Often, a trucking company is located in one state, the truck drivers live in other states, and the workers comp injury occurs in a third state. Normally in …
Industries
Federal Employees Return-to-Work (Part 1): Transitional Work (before Maximum Medical Improvement)
What time period do these questions address? These questions cover the time period from when an injury or occupational illness is reported to the time when a recovering employee is determined to have reached the point of Maximum Medical Improvement (MMI). Read More: Industry and Transitional Duty for Federal Government Lowering Work Comp Costs for …
Federal Employees Return-to-Work (Part 2): Alternative Employment (after Maximum Medical Improvement)
What is meant by alternative employment? Alternative employment means a job other than the injured employee’s job at the date of injury. Alternative employment is used here to describe work that can be performed by an individual who has reached the point of maximal medical improvement (MMI) but is no longer physically able to perform …
Agriculture
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 …
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 …
