Product Description

A strategic guide that arms business owners with ways to escape the growing cost of workers’ compensation insurance

Workers’ compensation insurance adds up to a huge, yet unavoidable, expense for businesses of all sizes. Edward J. Priz has discovered and reclaimed more than $10 million of workers’ compensation overcharges for his clients, and now he offers the same professional advice to his readers. This easy-to-understand guide:

• Enables readers to spot mistakes and stand up to insurance companies
• Translates complicated technical concepts and industry jargon into simple English
• Offers a concise explanation of industry practices that directly affect the costs of insurance, with insight on how to make sure a coverage plan is set up accurately
• Provides detailed information about each state’s unique rules and regulations, and explains how coverage plans differ

Ultimate Guide to Workers’ Compensation Insurance provides a behind-the-scenes look at this complicated issue and puts control back into the hands of business owners. Its countless money-saving tactics could save many small businesses from having to shut their doors.

Product Details

• Amazon Sales Rank: #580820 in Books
• Published on: 2005-08-09
• Format: Illustrated
• Original language: English
• Number of items: 1
• Binding: Paperback
• 300 pages

From the Back Cover

Workers' compensation insurance--in plain English!

State-mandated workers' compensation insurance is soaring to unaffordable heights with countless confusing rules and regulations. But at last, there is a guiding light to help you sort through the legalese and find ways to cut your costs.

Author Edward J. Priz has reclaimed more than ten million dollars of workers' compensation overcharges for his clients. Priz now reveals money-saving tactics as he explains the confusing aspects of workers' compensation insurance in layman's terms.

Cut costs now by:

• Understanding your policy and what it covers
• Knowing how premiums are calculated
• Comprehending the classification system
• Staying on top of each state's unique regulations
• Controlling the audit process
• Evaluating agents and insurers, then selecting the best one for you
• Considering alternative approaches to traditional insurance

In today's turbulent economic environment, every dollar counts. This guide equips you with the most up-to-date strategies to keep your business afloat as you get out from under the ever-growing cost of workers' compensation insurance.

About the Author

Edward J. Priz (Riverside, IL) has worked in the insurance industry since 1976, as an insurance agent, consultant, and expert witness. Currently, he heads Advanced Insurance Management, an insurance consulting company that works with employers nationwide to identify and correct workers’ compensation insurance overcharges.

Customer Reviews

Get a Measure of Understanding and Control
The states mandate that employers carry workman's compensation insurance for most workers.

The first confusion comes with the word 'most.' The first thing that might save you a good bit of money is to know exactly who needs to be covered in your company. That sounds silly, but it's true. For instance some states don't require an employee to be covered if he or she is paid solely by commission.

In this book you particularly want to read the 'war stories' where actual incidents, either accidents or administrative actions are reported. Some of the rulings stagger the imagination. It is only by knowing the facts and having them at your fingertips that you stand a chance of winning the battle.

This book gives a general introduction to the situation, followed by suggestions of what you can do to understand the rules in your state. The whole concept is to give you the information you need to treat Workman's Comp like any other business expense where you have at least some control.

Very good introduction to WC
I ordered this book to get an overview of the Workers Compensation Insurance Industry. This book is very good to get a glimpse of the WC Industry and provides the most important data. I recommend this book for everyone who wants to get basic information on the Industry.

Nightmares
This book is an excellent review of the current system of workers compensation coverages. It is dead-on accurate in its description of the potholes one can encounter - NCCI ratings, premium audits and others. I thought Mr. Priz was generous in his kindness to auditors and underwriters, who are the source of most of the problems and also the solution to most of the problems.

I am going to buy several copies for my clients.