Cerity: Unlock Your Financial Future With Expert Insurance Solutions
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Description
Features
- Workers' Compensation Insurance
- Slips, trips, and falls
- Falling objects/walking into something
- Motor vehicle accidents
- Repetitive motion injuries
- Cuts and lacerations
- Bruises from team building events gone awry
- Company-wide food poisoning from bad catering
- Third-degree burns from the office coffee pot
- Encounters with angry, rabid wildlife on site
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Your Questions & Answer
How can I reduce my claims risk?
To reduce your claims risk, you could start with implementing a safety program and accident prevention training. For more help and information, please visit our handling claims section of the website here.
I've been told my Workers' Comp policy is an auditable policy. What does that mean?
Workers' comp policy price is largely based on your payroll over your policy period. We understand that over the course of your policy period, changes occur...life happens! After your policy period ends, a payroll audit will be conducted by Cerity to verify actual payroll & classifications to determine the final premium.
What do I need to do to implement a safety program in my workplace?
Put simply, establishing and maintaining a safety program with your team may reduce losses, which reduces your workers' compensation premium over time. To get started:
Assess your workplace, and identify known hazards and risks
Develop written programs and a process for when accidents occur
Provide safety training to your employees, educating them on what to do if an accident occurs
Clearly post safety protocol for handling equipment and hazardous materials
Create a safety committee, focused on continuous monitoring and improvement of the program
Here are some examples of safety work programs provided by the US Department of Labor, which can reduce your premium over time.
How is Workers' Compensation related to payroll? What do I do when I hire, give raises or fire employees?
The estimated premium is based on estimated payroll (at the beginning of the policy). The final premium is based on actual payroll (at the end of the policy) for the policy period (usually 12 months). In the event your payroll changes, we'll work with you on adjusting your policy.
How much does Workers’ Comp Insurance cost?
The cost, or premium, varies depending on the jurisdiction your business is in as well as the nature of your business or operation. At Cerity, in order to determine an affordable price for your business, we evaluate your company's specific operational history and your business' payroll.
What is Workers’ Comp Insurance?
Workers’ compensation is a form of business insurance which provides state required benefits to employees injured in the course and scope of employment, including wage replacement and medical benefits. It also protects your business from liabilities resulting from injuries arising in the workplace.
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