The realm of workers compensation is constantly evolving. The interaction of workers compensation insurance with state workers compensation and federal workers compensation laws is unique in the insurance industry, and changes in these acts have profound effects. Since this is the most costly property and casualty insurance coverage for most contractors, the insurance products and methods of handling this risk have evolved and grown accordingly. This course provides detailed information on workers compensation and employers liability insurance and the market for coverage.

Upon completion, students will be able to:

• understand how the workers compensation system evolved and how its laws and regulations apply to the construction industry.
• describe the scope of coverage provided under the workers compensation policy and utilize this information to make recommendations for coverages needed by contractors.
• analyze the various endorsements available for attachment and recommend specific coverage enhancements valuable to a contractor.
• explain the technicalities of workers compensation premium calculation and educate contractors about how workers compensation risks are rated, and analyze factors that can influence the final and long-term price that contractors pay for guaranteed cost programs.
• explain how an experience modifier is calculated and consequently be able to explain the impact of experience rating on a contractor’s premium

Property and casualty risk, safety, insurance, and finance professionals