Workers Compensation for Marijuana Businesses

Mark StraussBusiness | Commercial Insurance, Worker's Compensation

When you have employees you need to make certain your Marijuana Business Insurance program includes workers compensation insurance. This covers the state mandated benefits for medical expenses and lost wages to employees injured in the course of employment, in exchange for mandatory relinquishment of the employee’s right to sue their employer for the tort of negligence. This trade off is … Read More

The Basics of Restaurant Workers Compensation Insurance

Mark StraussBusiness | Commercial Insurance, Worker's Compensation

Restaurant workers compensation insurance is one of the necessary restaurant insurance policy coverage basics that you need to have in place. The coverage provides funding for injured employees, and you also receive protection from lawsuits stemming from a worker’s injuries. State laws govern workers’ compensation, and every state has a slightly different set of rules and payment rates. It’s important … Read More

How Experience Rating Affects Restaurant Workers Compensation Rates

Mark StraussBusiness | Commercial Insurance, Worker's Compensation

I’ve already addressed how your restaurant workers compensation insurance rates are determined. The four factors are: The market tier you are in, either ‘Preferred’ or ‘The Pool’ Employee classification Your exposure which is the gross payroll per classification Experience Modification Factor also know as Experience Rating In workers compensation, the Experience Modification Factor is one of the critical components of … Read More

Tips to Reduce Restaurant Workers Compensation Claims

Mark StraussBusiness | Commercial Insurance, Loss Control Ideas, Worker's Compensation

Outside of having a cost effective restaurant insurance program in place your restaurant needs to operate without mishaps and injuries to your employees as this can cost you greatly. As I previously explained your restaurant experience modification affects your restaurant workers compensation rates, the other area that directly affects the cost for workers compensation are your restaurant workers compensation claims. … Read More