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Determining the correct premium for
a company's workers' compensation insurance can seem like a complicated and unfair process. Brian S. Fischer is an attorney specializing in helping Florida employers understand their rights within the workers' compensation system.
"Today more than ever, employers need to be proactive to reduce their workers' compensation premium in order to remain competitive. The key is to learn what the insurance carriers already know."
- Brian S. Fischer, Attorney at Law
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In the past, there have been very few options for employers faced with workers’ compensation audits, stop work orders, or other premium related disputes in Florida. Historically, Florida employers were forced to pay the demanded amount, look for another carrier, consider employee leasing as an option, or some combination of the above. However, employers actually do have the opportunity to realize significant savings in what they pay for their workers' compensation
insurance
with proper oversight of the various factors utilized to develop their workers' compensation premium. Review of employee job codes used and rates assessed for those codes, review of applicable overtime and construction industry credits, review of the data being provided to NCCI by the workers' compensation carrier to determine the Experience Modification Factor, and proper record keeping can all have profound results on the premium employers pay. Furthermore, in almost all cases, insurance
companies
have complete control over the management of employers' claims. Their mishandling of claims should not have to affect employers' rates. Finally, most of the disputes can be resolved without litigation through the NCCI arbitration process.
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