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Tag: cancellation

“I Had A Claim and They Cancelled My Workers Compensation Policy!” aka The Crazy World of Workers Compensation Insurance Companies

May 31, 2015 Randy Sieberg, CIC, ARM, CRM

It’s a crazy crazy world out there and workers compensation insurance companies sure have a way of adding to the…

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Posted in: Workers Compensation Filed under: cancel policy, cancel request, cancellation, cancellation penalties, claim, non-renewal, short rate cancellation, workers compensation

Is there a fine for not cancelling a workers compensation policy?

February 19, 2015 Randy Sieberg, CIC, ARM, CRM

Not following proper cancellation procedures can lead to additional cost. Is it a fine? It may not really be a…

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Posted in: Penalties, Workers Compensation Filed under: cancellation, cancellation for non-payment, cancellation penalties, deposit premium, final audit, fines, improper cancellation, penalties, penalties for non-compliance

When Can An Insurance Company Cancel Your Workers Compensation Insurance Policy?

December 6, 2013 Randy Sieberg, CIC, ARM, CRM

Grounds for cancellation of an insurance policy are determined by state statute. This is a question that comes up every…

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Posted in: Workers Compensation Filed under: audit, cancellation, mid-term audit, mid-term cancellation, midterm cancellation, policy conditions, rating payroll

When an employer doesn’t respond to a workers compensation audit request – What happens?

June 12, 2013 Randy Sieberg, CIC, ARM, CRM

Bad things can happen when an employer blows off a workers compensation audit request from their insurance company! Let’s take…

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Posted in: Workers Compensation Audit Filed under: audit, cancellation, collections, estimated audit, litigation, penalty, rating authority, uncooperative, unpaid premium, workers compensation audit

When An Employer Fails To Respond To A Workers Compensation Audit Request –

December 10, 2012 Randy Sieberg, CIC, ARM, CRM

What happens when an employer fails to respond to an audit request by his insurance company? It’s called an unresponsive…

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Posted in: Penalties, Workers Compensation Audit Filed under: additional premium bill, advisory organization, cancellation, collections, estimated audit, estimated final audit, uncooperative audit, workers compensation audit

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