While businesses often spend significant amounts of money on workers’ compensation insurance, the ins and outs of how work comp works can still be a mystery. How is premium calculated? How are an organization’s losses factored into their premium costs? How did workers’ comp even come to be??
Luckily, West Bend’s work comp experts regularly host informational webinars to help our customers understand how the work comp system operates and steps you can take to help limit work comp costs. Check out the webinar below to understand more about how the work comp system works, how premium is calculated, and how your organization can use work comp laws to your advantage!
Webinar Key Points
1:52-History of work comp laws around the world and in the USA
7:48-Protections for employees and employers in work comp laws
11:48-Experience mod discussion: How is work comp premium calculated? What’s factored into that cost?
31:53-Using work comp law to your advantage: How to help your bottom line by managing work comp costs, how to manage claims, and safety advice
57:25-Return to work best practices for employers and benefits for employees