Workers Compensation Insurance Policy Mistakes - The Other 20

I received quite a few inquiries on the first listing of the most common mistakes made by insurance companies when reporting employer data to the rating bureaus. Please see the full blog or Policy Mistakes for the Top 10.

Why I decided to print this list is that I often hear from employers and their agents that insurance companies are very accurate in their data reporting. Almost any of these could cause premium overcharges. The next 20 in the list are:

11. Cancellation/Reinstatement transaction ID code is not a valid code

12. Policy not found on Rating Bureau database.

13. Too many transactions missing.

14. Too many transactions missing- primary name record

15. There are duplicate transactions within the submission.

16. There are duplicate sequential transactions

17. ARAP factor is required for assigned and experience rated.

18. ARAP factor is below the minimum of 1.00 for policy [----].

19. Transaction type is not approved for electronic reporting

20. Required Endorsement Report not listed.

21. Required Endorsement Items not included

22. Endorsement Record is not valid

23. No location reported for entity [---].

24. Too many transactions without exactly one header record

25. This policy contains USR's and cannot be cancelled or reinstated. Please review.

26. We have received multiple cancellations with different effective dates

27. Multiple state premiums were reported with the same rating date.

28. There are duplicate non-key field change transactions within the submission.

29. Incorrect Endorsement for this policy period.

30. We have not received the original policy for this change transaction.

If you have any questions on these, please email or call me at (800) 813-1386.