GFC INSURANCE LLC

Most employers fall victim to the idea that they have no control over their workers compensation costs. While it's true workers compensation insurance may in most jurisdictions be a mandated coverage, that doesn't mean an employer who exhibits proper control and gains a working understanding into the premium producing aspects of workers compensation insurance has no control over the cost. Infact just the opposite may be true. With professional guidance and a willingness to im

What is Workers’ Compensation. ​ Workers’ Compensation, often referred to as work comp, workers’ comp or workman’s comp, is a form of insurance provided and paid for by an employer. Most businesses or organizations that have employees must carry this insurance for workers who are injured or become ill as a result of performing their job duties. ​ Employers are responsible for providing a safe workplace and for training their employees about safety procedures designed to keep

Small businesses in the state of Louisiana generally are required to have workers’ compensation insurance for their business.​ A workers’ compensation policy is not like other insurance policies that a small business my have. Workers’ compensation is a state regulated policy. Therefore, coverage requirements as well as rates can be different from state to state. However, most, if not all states require that an employer carry workers’ compensation insurance that covers all emp

Safety Plan Many employers simply disregard the positive effect a safety plan has on their workers compensation program. They chalk it up to too much trouble to design, not enough time to implement and to costly to maintain. When in fact just the opposite is true. An active safety plan will lower employee injury rates and can result in lower workers compensation insurance cost. Credits may be applied to workers compensation policies for those who demonstrate an active safet

Employer Premium Fraud Is Hurting Everyone — Including Honest Businesses : Risk & Insurance Insurers are prosecuting premium fraud, because it’s creating unfair competition for honest businesses unable to compare with cheats reducing their expenses by failing to care for their workers. Prosecuting employer premium fraud can be a delicate subject for workers’ compensation insurers. Some insurers look the other way rather than help prosecute premium fraud because of the effort