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

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

Capitalize on Increased Air Travel with Aviation Workers’ Compensation

According to the U.S. Travel Association (UTA), total travel spending that dropped 42% in 2020 is on the rebound. UTA forecasts a 24% increase in 2021 travel spending, followed by a 23% increase in 2022. This increase in travel translates to more air travel and a need for more workers to support businesses that make up Read More

Summer Safety Tips for Businesses and their Employees

Why Employee Safety is Paramount to Today’s Businesses There are compelling business reasons for employers to ensure their workers’ safety, and summer poses some additional risks to consider. Injured Workers Means Lower Productivity For over 20 years, there has been a labor shortage in the U.S. with industries such as hospitality, transportation, and manufacturing among Read More