Beata Ballo, J.D. Just heads up to anyone who is renewing their Worker's Comp Insurances. Look closely at the Interim Rates and Experience Modification percentages. That is where the dollars matter. Then see the estimated amount you need to pay for the year, and divide it by 12. It will get you totals. Then check if your Interim Rate math and Experience Mod. math add up to what the estimated amount is. Usually it is not... so then ASK YOUR QUESTIONS... or you will over pay your WC.
February 9, 2012
Beata Ballo, J.D. Just heads up to anyone who is renewing their Worker's Comp Insurances. Look closely at the Interim Rates and Experience Modification percentages. That is where the dollars matter. Then see the estimated amount you need to pay for the year, and divide it by 12. It will get you totals. Then check if your Interim Rate math and Experience Mod. math add up to what the estimated amount is. Usually it is not... so then ASK YOUR QUESTIONS... or you will over pay your WC.
