Frequently Asked Questions
 

How can I save (more) money on my workers' compensation policy?

You can save money on your workers’ compensation policy by having a Safety Program, a Drug-Free Workplace Program, a deductible, an FCCPAP credit, lower Experience Modification Factor, correct classification of employees…and Workers’ Compensation Group will help you with all of these options.

Can I pay for my policy without a deposit?

Yes…there are payment plans that ask for nothing down (except the state expense constant) and others that only ask for the first month’s installment, not to be held as a deposit. 

Are there any policies that allow me to pay in a fraction of the annual premium?

Yes…retrospective rating plans allow you to pay in a percentage of your premium during the year.  If you have claims, you pay in additional premium, but no more than you would on a regular plan.  If you do not have claims…you do not owe any more money.  The percentage can be as low as 30%! 

Can a Workers’ Compensation Policy Cost Less Than Employee Leasing Workers’ Compensation Coverage? 

Yes, in MANY ways…

• employee leasing coverage does not offer the standard credits you can get with traditional workers’ compensation policies.
   

• employee leasing arrangements charge you administrative fees on gross payroll,  you pay workers’ compensation on the premium part of overtime – an actual increase in the premium based for workers’ compensation.
   

• you are subject to the leasing company’s experience modification factor while you are with them AND after you leave.
   

• improper coding of employees by non-licensed sales people often results in higher rated codes, etc...