Administrative scale economies as well as biases to rate-setting

Workers’ Compensation is an insurance policy that offers partial medical treatment as well as income replacement for injured employees. It is a requirement in the majority of states, with the exception of Texas however, it is frequently vulnerable to fraud. It is important to know how benefits from workers’ compensation are derived and how you… Continue reading Administrative scale economies as well as biases to rate-setting

Self-insurance benefits large employers by letting them retain

Worker’s compensation is a form of no-fault insurance that pays medical expenses, lost wages, and rehabilitation costs for injured employees. It protects a business from claims of employees who become ill or injured on the job. As an employer, you should consider the benefits of workers compensation to your business. But first, let’s examine why… Continue reading Self-insurance benefits large employers by letting them retain