Workers’ Compensation for Longshoremen & Harbor Workers Employers must purchase federal workers’ compensation coverage if their businesses are on, or adjoining, the navigable waters of the United States, as required by the Longshore and Harbor Workers Compensation Act (LHWCA). Larger employers can elect to self-insure. All employers can purchase coverage for compliance through insurers who …
Best Practices
Mining
Workers’ Compensation for the Mining Industry Coal mining is the best known type of mining in the United States, but mining also includes the extraction of all other solid natural resources from the earth. As mining is a relatively dangerous occupation, workers’ compensation insurance is expensive. The larger mining companies self-insure themselves for work comp. …
Oil & Gas Exploration
Workers’ Compensation for the Oil & Gas Exploration Industries Oil and gas exploration is dominated by large national and international corporations with some smaller regional companies. The sizes of most of the businesses in this field allow them to self-insure their workers’ compensation exposure, often through their own captive insurance company. The smaller regional companies …
Printers & Publishers
Workers’ Compensation for Printing & Publishing Industries The cost of workers’ compensation insurance for printers is normally slightly cheaper than the average cost of work comp coverage in general because both the frequency and severity of injury tends to be less than average. Insurance coverage for printers can be obtained from most work comp insurance …
Professional Services
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 …
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 …
