Clarke & Sampson Blog

Workers Compensation Insights - Officer Exclusion

Posted by Scott Jefferson

Mar 30, 2017 11:46:45 AM

Most states require employers to purchase a workers’ compensation insurance policy to cover workers who are injured or made ill due to a workplace exposure. While owners and corporate officers can exclude themselves from coverage, there are potential drawbacks to opting out that need to be seriously considered before you make your decision.

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Topics: Workers Compensation

VA Workers Compensation - Employee Benefits

Posted by Matt Stephens

Feb 15, 2017 1:00:00 PM

Workers’ compensation is a system of no-fault insurance that provides monetary and medical benefits to employees or their survivors for work-related injuries, diseases and deaths. Workers' compensation is governed by state law.

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Topics: Workers Compensation, Workers Comp, Virginia Workers Compensation, Employee Benefits

Strategies for Controlling Workers' Comp Claims

Posted by Matt Stephens

Aug 18, 2016 12:40:34 PM

Workers' compensation is one of the only lines of insurance that is a controllable expense. By initiating best practices, safety manuals, and risk reduction strategies you can keep your employees safe and your workers' compensation premium at an all time low. 


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Topics: Workers Compensation, Alexandria VA, Arlington VA, Washington DC, Insurance

The Story Your Mod Reveals

Posted by Matt Stephens

Jul 21, 2016 10:49:46 AM

For many employers, workers’ compensation insurance is all about one number—the premium quoted. Understandably, employers want to pay the lowest amount possible on this mandatory coverage. While some brokers try to compete on a low bid, those who do miss the chance to educate employers on how their mod affects their premium, and how lowering their mod through targeted improvements in safety, hiring, return to work and other areas will ultimately improve both their direct and indirect workers’ compensation costs.

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Topics: Workers Compensation, Alexandria VA, Insurance

Starting a Business: An Insurance Perspective

Posted by Scott Jefferson

Nov 19, 2013 9:35:00 AM

Starting a business can require a significant investment of time and money, but, in select cases, that is a risk we are willing to take. After all, we start businesses to take risks. No risk, no reward, right? There are some risks associated with running a business, however, that we would prefer not to take. That’s were business insurance comes into play. Business insurance protects your organization from unexpected events such as a lawsuit, an injured employee, death of a partner, theft, natural disasters, and more. 

Be sure to have the coverages required by law

Workers compensation is a legal requirement in most states if you have employees. This coverage pays for medical, pharmaceutical, and other health care costs of employees’ work related injuries. It also covers a portion of lost wages while the employee is unable to work. Failure to carry this coverage could result in steep penalties, such as fines, stop work orders, and prison terms.

Auto insurance is required by law at the state level. If you intend on having a commercial auto as part of your operations, you’ll need to make sure you are carrying the proper coverage. Each state has specific minimum requirements for bodily injury and property damage liability. Please note, however, that the minimum limits are rarely sufficient to protect the business from an auto related loss. Consult an agent to assess your exposure and determine the proper auto coverage options and limits.   

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Topics: Business Insurance, Workers Compensation, Data Breach, Professional Liability