Gilbert, AZ Workers’ Compensation Packages: How Are Policy Rates Determined?

Gilbert, AZ Workers’ Compensation Packages: How Are Policy Rates Determined?

Everyone wants to know what they’re paying for. This is true for workers’ compensation insurance plans as well. As such, Insurance Brokers of Arizona has released an informative video you shouldn’t miss.  This new installment discusses how workers’ compensation insurance rates are calculated. By watching this video, you can budget more accurately for your policy payments. 

The video is hosted by Nicole Lamanes-Webster, a licensed insurance agent. Among the factors discussed are class codes, risk rating, and annual employee payroll. 

While safety should be paramount in all workplaces, you cannot completely prevent accidents and injuries.  Should mishaps occur, however, you may be liable to cover medical costs, lost wages, and even legal fees. 

Workers’ compensation provides a valuable financial safety net that protects your company’s bottom line. Insurance Brokers of Arizona produced the aforementioned video not only to educate you about rates, but also to help you better appreciate the benefits of such a plan.

By watching the video, you will also learn the role that the National Council on Compensation Insurance (NCCI) plays in determining rates. Ready for the quality info you need?

Learn more by visiting https://www.youtube.com/w atch?v=vKUquurHAAc