What Does it Mean? Lower Workers’ Comp Insurance Rates for 2016 At the end of the year, many insurance companies will attempt to settle or reduce the number of open claims they have. Workers’ compensation is no different, creating an opportunity for Denver workers’ compensation lawyers, Greeley workers’ compensation attorneys, and especially their injured clients.
What Does it Mean? Lower Workers’ Comp Insurance Rates for 2016 The other important information for workers’ compensation that comes at the end of the year is the amount of lost-time claims that were reported for Colorado employers over the year. This figure factors into premium costs for workers’ compensation insurance.
What Does it Mean? Lower Workers’ Comp Insurance Rates for 2016 Reduction of reported injuries is good for insurance companies, who have to pay less in medical bills and costs for workers injured on the job, and business owners, who have to pay less in premiums if they can prove as a whole that Colorado suffered less work injuries.
What Does it Mean? Lower Workers’ Comp Insurance Rates for 2016 Individual businesses still have to wait to see what their rates will look like. Just because as a whole, state workers’ compensation premiums will decrease slightly, it doesn’t mean all employers will see the decrease in their industries.
What Does it Mean? Lower Workers’ Comp Insurance Rates for 2016 A decline in reported workers’ compensation claims might not mean a decline in work injuries. The measures are reported injuries. Sometimes, workers hesitate to report injuries because they are close to the owners of their companies or the company immediately starts paying for medical costs out of pocket.
What Does it Mean? Lower Workers’ Comp Insurance Rates for 2016 • Contact your denver disability attorney or greeley disability lawyer today to know more. Kaplan morrell law firm are here to help you figure out if you can file a claim, and we'll work with you to get you the benefits you deserve. Touch with us for free consultation or call at 303-780-7329