Lowering Workers Compensation Cost to Increase Profits

PDH Credit: 1 hour

As with other types of insurance, rates for workers' compensation policies are calculated using several different factors. These factors include the type of business operations the company conducts, the total number of employees, and the total annual payroll.  Rates are based on findings of the National Council on Compensation Insurance. Each year, the council collects data from all industries nationwide to determine the likelihood of injury, and the overall medical costs that routinely result. These numbers are then calculated by actuaries who determine the rate per industry. Each state is calculated individually based on its own unique socioeconomic factors.  This Webinar will address several key areas to lowering these costs and reach the goal to increase profits.

Course Number:
ODP885

Field of Study:
Project Management

Level:
Basic

Presenter:
Ron Finger

Prerequisites:
None

Advanced Preparation:
None