Workers' Compensation

Workers’ compensation insurance represents a significant portion of a businesses’ annual insurance premiums. It is important to understand the complexities of workers compensation insurance. We at The Heritage Group work with you to provide employees with proper compensation for job-related injuries or illnesses.

Premiums are usually determined through a formula which includes a number of factors including salary, benefits, and other variables. A remuneration number is then arrived at. It is used in conjunction with the risk factor classification of the job to arrive at the cost of the insurance. Premiums can also be adjusted by “experience modification factors”, which are standards set by the NCCI and other organizations for reducing premiums based on a company’s reputation.

Our job is to work with you to help lower your workers’ compensation premiums by monitoring your plan and implementing back-to-work programs and risk mitigation programs so employees return to work sooner and work in a safe environment.

Workers’ compensation coverage is important to the financial well being of your employees. Contact us today for a no obligation review of your workers’ compensation program.