Workers’ Compensation

Affordable Care Act or ACA reporting refers to the information and forms employers must collect concerning their employees’ health care coverage during the calendar year.

Pay-as-you-go workers’ compensation provides employers with the option of paying workers’ compensation insurance premiums in installments, specifically with each payroll run. This solution allows employers to streamline their workers’ compensation process, which improves cash flow, saves administrative time and eliminates expensive down payments or end-of-the-year surprise costs. 

Workers’ comp requirements vary by state. Although state regulations differ slightly, workers’ compensation insurance is required in nearly every employment scenario.

No, only businesses meeting their respective state mandates are required to carry coverage. However, mandates can be required for as few as one employee in some jurisdictions, so it is important to understand your company’s specific conditions. 

Employers with an excessive loss history or catastrophic losses may be subject to increased rates or coverage declination within the competitive marketplace.

All employees, both full and part time, are covered by the company’s workers’ compensation policy. Certain individuals may be excluded – business owners, independent contractors, etc. However, each policy is unique, and every company needs to be underwritten based on its individual merits.