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"Frequently Asked Questions" |
1. HOW CAN WE GET INFORMATION ON OUR GEORGIA EXPERIENCE MODIFICATION?
A.
Request this information on your letterhead from:
NCCI CUSTOMER SERVICE CENTER
750 PARK OF COMMERCE
BOCA RATON, FLORIDA 33487
Be Sure to include your Federal Identification Number. You may call them at 800-622-4123.
FOR MORE INFORMATION, CALL/FAX/EMAIL US!
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2. HOW CAN WE GET INFORMATION REGARDING OUR CLAIMS?
A.
Request this information on your letterhead from your insurance company. Be sure to include your policy number(s).
FOR MORE INFORMATION, CALL/FAX/EMAIL US!
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3. WHO DECIDES THE BENEFITS OF WORKERS' COMPENSATION?
A.
Your Georgia Legislature establishes the benefits and laws affecting Workers' Compensation.
FOR MORE INFORMATION, CALL/FAX/EMAIL US!
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4. WHAT STATE AGENCY REGULATES WORKERS' COMPENSATION?
A.
The State Board of Compensation is the regulatory agency. The Commissioner of Insurance approves rates and investigates fraud. Their addresses are:
STATE BOARD OF COMPENSATION
270 PEACHTREE STREET, N.W.
ATLANTA, GEORGIA 30303-1299 |
COMMISSIONER OF INSURANCE
2 MLK, JR. DRIVE
ATLANTA, GEORGIA 30034 |
FOR MORE INFORMATION, CALL/FAX/EMAIL US!
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5. WHAT IS THE MAXIMUM BENEFITS PAID IN GEORGIA?
A.
In Georgia, Medical is unlimited. Disability changes, depending on the average weekly wage of the injured employee and the current amount set by the Georgia General Assembly. Questions/concerns regarding benefits should be directed to the State Board of Compensation (See Question #4).
FOR MORE INFORMATION, CALL/FAX/EMAIL US!
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6. HOW IS MY PREMIUM DEVELOPED?
A.
(A) The Company starts by taking the class codes (defined work) and payrolls assigned to each one.
(B) They apply your experience modification (can be debit or credit).
(C) The Company adds an expense constant (usually $150).
Important: All companies do not have the same cost for each class code. They should, however, be quoting the same class codes. Regardless of what you give them, actual premiums will be created by audit where actual payrolls and classes will be determined. When you are asking companies to bid you should require them to bid on the same payrolls by class. We encourage employers to shop several markets (Hope we are one you shop!).
FOR MORE INFORMATION, CALL/FAX/EMAIL US!
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7. SOME OF MY EMPLOYEES DO WORK IN MORE THAN ONE CLASS.
HOW DOES THE CLASS GET ASSIGNED?
A.
As a general rule, employees are assigned the class where the work is considered more hazardous (creates the most premium). It is important to keep payroll records by class.
Example: Clerical Work(CODE 8810) has a lower cost factor than Outside Sales(CODE 8742).
FOR MORE INFORMATION, CALL/FAX/EMAIL US!
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8. HOW CAN A LOSS PREVENTION SERVICE HELP US?
A.
In addition to helping you recognize preventable or controllable risks in the workplace, the Loss Prevention Service monitors your claims and works with you to manage your claims.
FOR MORE INFORMATION, CALL/FAX/EMAIL US!
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9. WHEN SHOULD I COMPLETE THE FIRST REPORT OF INJURY AND INFORM THE INSURANCE COMPANY OF AN INJURY?
A.
IMMEDIATELY! (Our company provides an "800" number for immediate reporting.) Report all claims and report promptly. The sooner a claim is reported, the cheaper it is to pay. That translates into lower premiums in the future.
FOR MORE INFORMATION, CALL/FAX/EMAIL US!
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10. IS THERE A CONNECTION BETWEEN AN EMPLOYERS'S LOSSES AND THE EMPLOYER'S PREMIUM?
A.
Yes. For Georgia insureds with a sufficient premium level, the NCCI promulgates an
"Experience Modification" to increase an employer's premium for WORSE THAN EXPECTED LOSSES and
lower the premium for LOWER THAN EXPECTED LOSSES.
FOR MORE INFORMATION, CALL/FAX/EMAIL US!
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11. CAN I SAVE FUTURE PREMIUM BY NOT REPORTING CLAIMS BUT PAYING THEM MYSELF?
A.
No. The Experience Modification only spreads a portion of the losses over future years as premium.
In addition, your failure to report can cause the Compensation Board to fine you and can void coverage for a claim.
FOR MORE INFORMATION, CALL/FAX/EMAIL US!
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12. WHAT INFORMATION DO YOU NEED TO BID ON OUR WORKERS' COMPENSATION?
A.
If you will go to our Web Page "Free On-Line Quote Form" you will find a few questions to be answered that you can call, FAX or E-Mail to us. We will take your information and respond quickly with a quote.
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