Evaluating the True Cost of a Workers’ Compensation Claim

Understanding the True Cost of Occupational Injuries While work-related injuries have declined, workplace accidents still occur and can cost employers thousands of dollars in direct and indirect costs. The National Safety Council (NSC) data reveals that the total cost of work-related injuries was $ 171 billion in 2019. The average cost per worker was $1,100, Read More

Jobs in Home Healthcare are Projected to Grow Faster than Most Businesses Through 2029

Between 2020 and 2030, total employment in the U.S. will grow by almost 12 million jobs, increasing to 165.4 million jobs, and representing the highest growth rate in the recent past. This higher-than-average growth will be largely due to the economic recovery from the pandemic-induced recession. Among the high-growth industries, healthcare support is expected to Read More

2021 Workers’ Compensation Outlook

PMC’s Managing Partner, Andy Shaw, shares his insights in Insurance Business of America Interview The Workers’ Compensation market is flourishing after many years of unrivaled results. The market has largely been able to withstand the effects of the pandemic-induced economic uncertainty, recording only a 10% drop in net written premiums year-over-year in 2020. In a Read More

PMC Workers’ Compensation Insurance Guide: What We Offer!

Why Agents Like to Work with PMC to Secure Workers’ Compensation Coverage for Their Clients At PMC, we help independent insurance agents place workers’ compensation insurance for their clients, throughout the United States. We place workers’ comp in all industries, including companies that need multi-state coverage, start-ups and new ventures, coverage for mergers and acquisitions, Read More

Workers’ Compensation for Construction Firms: 4 Steps to Minimize Costly Claims

The construction industry has many occupational hazards. From working in dangerous conditions to operating heavy equipment, construction workers are often exposed to workplace accidents and injury. Therefore, as a contractor, you shouldn’t wait for disaster to strike before developing the protocols for handling workplace injury and illness claims. Here are the steps you need to Read More

The Importance of Accurate Payroll Reporting & How It Affects Workers’ Comp Premium Costs

A Guide to Preparing for Better Year-end Workers’ Comp Premium Audits Who: Insurance Carrier What: Premium Audit Where: In-person or online When: An audit is conducted within 60 days of the policies’ expiration date Why: To reconcile costs at the end of the policy term – insureds may need to pay more or receive a Read More

Major Risks for Businesses That Are Underinsured

A study published by the Institute for Legal Reform (ILR) demonstrates the negative impact of not having proper commercial insurance coverage. The report shows that all U.S. businesses incurred a total of $343 billion in liability costs, and self-insured or uninsured companies bore more than half of that burden ($208 billion). While the financial impact Read More