Gilbert, AZ Workers’ Compensation Packages: How Are Policy Rates Determined?

Gilbert, AZ Workers’ Compensation Packages: How Are Policy Rates Determined?, updated 8/20/22, 7:41 PM

Want to know how workers’ compensation insurance rates are computed? Insurance Brokers of Arizona (+1-480-812-1998), an agency based in Gilbert, AZ, has the answer! Learn more by visiting https://www.youtube.com/watch?v=vKUquurHAAc

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Gilbert, AZ Workers’ Compensation Packages:
How Are Policy Rates Determined?
Everyone wants to know what they’re
paying for. This is true for workers’
compensation insurance plans as
well. As such, Insurance Brokers of
Arizona has released an informative
video you shouldn’t miss. 
This new installment discusses
how workers’ compensation
insurance rates are calculated. By
watching this video, you can
budget more accurately for your
policy payments. 
The video is hosted by
Nicole Lamanes-Webster,
a licensed insurance
agent.
Among the factors
discussed are class codes,
risk rating, and annual
employee payroll. 
While safety should be
paramount in all workplaces,
you cannot completely
prevent accidents and
injuries. 
Should mishaps occur,
however, you may be liable to
cover medical costs, lost
wages, and even legal fees. 
Workers’ compensation
provides a valuable financial
safety net that protects your
company’s bottom line.
Insurance Brokers of Arizona
produced the aforementioned
video not only to educate you
about rates, but also to help you
better appreciate the benefits of
such a plan.
By watching the video, you will
also learn the role that the
National Council on
Compensation Insurance
(NCCI) plays in determining
rates.
Ready for the quality info
you need?
Learn more by visiting
https://www.youtube.com/w
atch?v=vKUquurHAAc