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Tag: <span>deposit premium</span>

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

Manipulation of Workers Compensation Deposit Premiums, Policy Failure and Fraud –

January 29, 2014 Randy Sieberg, CIC, ARM, CRM

Many employers become enticed by the idea that they can get workers comp coverage at reduced prices. Sometimes significantly below…

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Posted in: Workers Compensation Filed under: audit, audit fraud, deposit premium, fraud, manipulation, premium fraud, workers compensation premium

How can my insurance company bill me for more premium after my workers compensation policy has expired?

July 17, 2013 Randy Sieberg, CIC, ARM, CRM

The final cost for a workers compensation policy is not determined until the final audit is complete! That’s right, these…

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Posted in: Workers Compensation Filed under: audit, auditable policy, class code, deposit premium, premium, rating exposure, rating formula, rating payroll, remuneration, workers compensation audit

Can a workers compensation insurance company audit or re-audit a business that has closed?

June 5, 2013 Randy Sieberg, CIC, ARM, CRM

Yes. Just because a business has closed doesn’t mean the terms of the insurance policy in place while the business…

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Posted in: Workers Compensation Audit Filed under: audit, audit dispute, audit process, closed business, deposit premium, final premium, payroll, policy terms, uncooperative audit

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