Posts by Insurance News Editor
What Is An Experience Modifier Rate (EMR)?
An EMR or experience modification rating (also called a XMOD rating or factor) is used to price workers’ compensation insurance premiums. Think of it like your credit score or car driving history, where third parties consider your history as an indication of future risk. In construction, insurance companies use an organization’s EMR to gauge the…
Read MoreHow is Your Workers’ Comp Rate Calculated?
Whether you are a small, medium or large-size company, one of the most basic costs of doing business is insuring your employees against injury on the job. Almost every business in the U.S. that has employees is required to have a workers’ compensation insurance policy. How are workers’ comp premiums calculated? Workers’ comp insurance premiums…
Read MoreIN: How Does My Experience Mod Affect My Premiums?
Dear Valued Customer, Workers’ Compensation insurance is available in all 50 states, and a legal requirement in 49 of them, with Texas being the exception. Workers’ Compensation insurance provides wage replacement and medical benefits to employees injured on the job. A Workers’ Comp premium can also become one of the highest costs on your company’s…
Read MoreChild Passenger Safety
Reduce Their Risk In the United States, motor vehicle crashes are a leading cause of death among children. In 2017, 675 children 12 years old and younger died in motor vehicle crashes, and nearly 116,000 were injured. Of the children 12 years old and younger who died in a crash in 2017 (for which restraint…
Read MoreFalls In Construction
More than 800 construction workers die every year while on the job. Falls are the number one cause of fatalities in construction. Falls cause one of every three construction worker deaths. These falls happen in a split second while workers are on roofs, scaffolds, ladders, bridges, and other work surfaces. But these deaths can be…
Read MoreWhat Is Covered By Standard Homeowners Insurance?
Understanding the four essential protections provided by your homeowners policy Homeowners coverage provides financial protection against loss due to disasters, theft and accidents. Most standard policies include four essential types of coverage: Coverage for the structure of your home; Coverage for your personal belongings; Liability protection; Coverage for Additional Living Expenses Coverage for the structure…
Read MoreHow Much Homeowners Insurance Do I Need?
Use these guidelines to protect your home and your assets with adequate insurance coverage If disaster strikes, you’ll want enough homeowners insurance to rebuild the structure of your home, to help replace your belongings, to defray costs if you’re unable to live in your home and to protect your financial assets in the event of…
Read MoreDoes My Homeowners Insurance Cover That?
Many of our clients don’t understand what their Homeowners Insurance covers and what it does not. So, to help you get a better understanding of your coverage, we have taken some of the top questions on Google and answered them here for you: Does my homeowners insurance cover hurricane damage? Most homeowners insurance policies cover…
Read MoreIN: Does My Homeowner’s Insurance Cover That?
Dear Valued Customer, This issue of “Waimea Insurance News” is focused on making sure you understand what is, and what is not covered by your homeowners insurance policy. To make reading this issue as productive as possible, we researched to find the top questions people search on Google, and answer them below. The article entitled…
Read MoreIN: OSHA: Most Frequently Violated Cited Standards
Dear Valued Customer, In this issue of the “——————“ we present OSHA’s most frequently violated cited standards and its recordkeeping and reporting requirements. OSHA is responsible for the health and safety of 130 million workers, employed at more than 8 million worksites around the nation. OSHA provides safety information and tools which can make your…
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