Workers compensation is a state-mandated coverage for all Vermont employers that covers injured or ill employees for medical costs and lost wages due to injury (and death) on the job. The cost of a policy is determined by applying a rate for each particular job classification to the payroll of each classification within your company.
The part of the process that bothers most employers is the policy audit. If you have under-estimated payroll, not only do you have a renewal payment due but also an audit payment.
These cash crunches can be avoided by taking advantage of “pay as you go” billing. Jamieson Insurance has several options for this new and helpful method of managing your expenses.
Call us, use the secure contact forms on the right or send an email for more information about a Workers’ Compensation Plan that’s right for your company.
Workers’ Comp Links:
image credit: www.flickr.com/photos/usarmyafrica/