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Several years ago, Mr. Castle noticed that his workers' compensation premium had crept up to $600,000 per year.
Two years later, however, the number of recordable injuries had fallen to eight and over the next several years the company's workers' compensation premium had fallen to $125,000.
If the government paid the exact same amount for its workers' pensions, but put the money into a 401 k), by Biggs calculation the compensation premium for public sector employees would disappear.
This calculation leads to a substantial compensation premium for public sector workers, but this is not due to what the government is paying, it is due to Biggs' calculation of the value of the benefit to workers.
Since reducing the number of accidents that take place in the work environment will help to reduce your workers compensation premium, it is important to address the unsafe areas in your work place.
Similar(55)
Costs include business interruption and property insurance, workers' compensation premiums and payments for consulting services.
Employers generally do not have to pay workers' compensation premiums for bona fide independent contractors.
Judge King concluded that §507(a)(5) unambiguously accorded priority status to claims for unpaid workers' compensation premiums.
Looking to legislative history, he concluded that Congress likely intended to give past due workers' compensation premiums priority status.
At the company level, the costs include fines, litigation, increased insurance and workers' compensation premiums, and negative publicity.
7 Saco Local Development Corp., 711 F. 2d, at 448 449, we note, is not at odds with our conclusion that unpaid workers' compensation premiums do not qualify for priority status.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com