States for the most part stopped applying severe price controls on
workers' comp insurance premiums.
Sometimes,
workers' comp cases are more burdensome to providers; where that occurs, an additional payment amount should be added.
If (and when) these legislative measures fail some of the legislatures or the courts may conclude that a stronger measure must be taken, namely to allow bad faith tort claims to be filed outside of the
workers' comp administrative system.
The cost of healthcare greatly influences
workers' comp costs, Fitch notes, and those cost factors "tend to expand at a higher rate than general inflation.
I am waiting for conservatives to discover that
workers' comp represents everything they loathe about public mandates.
As the major property owners on many residential construction jobs, builders were also potentially liable to be hit with hefty $500-per-incident-per-day penalties for any independent contractor not carrying
workers' comp insurance, says Nanfelt.
The bill addresses such issues as rising medical and disability costs, subjective standards and excessive litigation, all of which have contributed to increased
workers' comp costs.
Thus, the new state law has created a chain reaction that requires all sole proprietors in the construction industry to form a corporation or LLC in order to continue to be exempt from
workers' comp.
The Judiciary Committee is scheduled to hear three more bills regarding
workers' comp on Monday.
The state of Wisconsin was not only the first to enact a
workers' comp law, but also the first to put a
workers' comp agency on the Web.
Lower back problems account for one out of every three dollars in
workers' comp claims.
So first you should review in detail the structure, management and results of your
workers' comp program before deciding if you want to improve your internal
workers' comp management or seek the help of one or more vendors.
