It Is The End Of The Year Soon, What Can You Do About Your Workers Comp Policy?

If your Workers Compensation policy renews on 1/1/09, what can you do about your Workers Comp E-Mod? That answer is nothing at all.

I have found that quite a few insurance carriers will do claim reviews in the months of November and December to impress the policyholders. With a policy renewal date of 1/1/09, they are wasting your time.

Why can you do nothing even though the new policy has not started yet? I have covered this answer very often. The Workers Comp system is staggered. The Workers Comp reserve and Experience Modification system do not operate in-step. We often advise clients to concentrate on working with their agents during the last two months of the policy. The claim reserves can wait. Why?

Check back in next time and I will explain. If you know the answer, please email me and let me know the answer. If you use the search box on this blog, you can find the answer.

If you have a question that you wish to be covered in the blog, please email it and I will try to schedule it in over the next few days.