Slackers! (Info for Employers & HR folks)

Few brokers have informed their clients of the upcoming changes to the workers compensation formula – with a split point of $10,000 - and how it can impact your budget next year. 


We've been talking with our clients about the changes and how to prepare. We continue to teach our clients how to better control their workers compensation costs.


Employers, here's a quick summary...
If your Experience Modification Rate is over 1.0, plan for higher rates... if lower than 1.0, plan for lower rates. Current cap is $5,000. New [split-point] Cap will be $10,000.

I do hope you already know about this – and that you're not dealing with a slacker.

~ Jon

jon@merriaminsurance.com