Welcome to Life Quotes web

When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more than just stopping a few accidents; it is having a sound safety program designed to continuously improve. This is where a safety program that, at a minimum, is compliant with the Occupational Safety and Health Administration (OSHA) standards can yield significant savings for by reducing injuries and illnesses, saving workers’ compensation dollars.

Five Strategies for Reducing Workers’ Compensation Costs

When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more than just stopping a few accidents; it is having a sound safety program designed to continuously improve. This is where a safety program that, at […]
Read more
Workers’ Compensation in Educational Institutions

Workers’ Compensation in Educational Institutions

Workers’ compensation is a vital component of employee benefits for educational institutions. It provides coverage for workplace injuries or illnesses, ensuring that employees receive the medical care and support they need while protecting schools from costly lawsuits. For administrators, understanding how workers’ compensation works and tailoring it to the unique environment of schools is essential […]
Read more
2024 Midyear Market Outlook: Workers' Compensation

2024 Midyear Market Outlook: Workers’ Compensation

Profitable underwriting results have generated favorable conditions across the workers’ compensation insurance market for nearly a decade. According to the National Council on Compensation Insurance (NCCI), the segment produced combined ratios of 84.5 and 84.9 in 2022 and 2023, respectively, demonstrating continued profitability. Industry experts initially reported that reserve redundancies stemming from reduced presumptive liability […]
Read more
Navigating Compensation in the Era of Transparency

Navigating Compensation in the Era of Transparency

Six decades after the Equal Pay Act aimed to eliminate gender-based wage discrimination, women in America still earn just 82 cents for every dollar earned by men. For Black and Hispanic women, the gap is even wider at 70 cents and 65 cents, respectively. New pay transparency laws emerging across the U.S. aim to finally […]
Read more