Workers’ Compensation: What’s the Correct Premium and Rating Plan?

CE
4 Massachusetts CE credits

Instructor

Herb Fuchs

Date and Time
Wednesday,June 17, 2020
8:30 AM to 1:30 PM

Location
The Insurance Library

Course Description

Have you ever lost an insured or client when a competitor
finds a rating plan error or suggests a better rating plan option?

We’ll cover the basics of standard premium calculation
including classification, experience rating, and audited payroll with the
emphasis on finding errors or oversights that might be causing your clients’
premiums to be inaccurate such as improper classification, failure to apply for
credit under the MA Aggravated Inequity Claim Rule or eligible Contractors Construction Credits.

We’ll then examine
the advantages and disadvantages of various rating plan options such as prospective, retrospective, dividend, and deductible plans.
Through several case studies you will learn the methodology to recommend
the right rating plan to your insureds or clients.

This class is a good follow up class to Herb’s Workers Compensation: Soup to Nuts Seminar!

Regular Price: $325.00
Member Price: $325.00
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Description

CE
4 Massachusetts CE credits

Instructor

Herb Fuchs

Date and Time
Wednesday,June 17, 2020
8:30 AM to 1:30 PM

Location
The Insurance Library

Course Description

Have you ever lost an insured or client when a competitor
finds a rating plan error or suggests a better rating plan option?

We’ll cover the basics of standard premium calculation
including classification, experience rating, and audited payroll with the
emphasis on finding errors or oversights that might be causing your clients’
premiums to be inaccurate such as improper classification, failure to apply for
credit under the MA Aggravated Inequity Claim Rule or eligible Contractors Construction Credits.

We’ll then examine
the advantages and disadvantages of various rating plan options such as prospective, retrospective, dividend, and deductible plans.
Through several case studies you will learn the methodology to recommend
the right rating plan to your insureds or clients.

This class is a good follow up class to Herb’s Workers Compensation: Soup to Nuts Seminar!