Worker’s Compensation Insurance

Allen Financial has been an innovator in developing risk management services that have reduced the incidence and severity of injuries for our client’s employees.  We have established a reputation for creating effective safety management and cost control programs for specific business niches.
In order to help our customers achieve significant reductions in their insurance costs, our safety and claims professionals have developed an array of innovative and extremely effective training and cost control programs.

Our goal is not simply to provide insurance coverage and financial security — though we indeed do that as well — but to act as consultants in helping clients reduce their costs, and thus improve their bottom line profits.

In order to help our customers achieve significant reductions in their insurance costs, our safety and claims professionals have developed an array of innovative and extremely effective training and cost control programs. Our goal is not simply to provide insurance coverage and financial security — though we indeed do that as well — but to act as consultants in helping clients reduce their costs, and thus improve their bottom line profits.

Although Allen Financial Insurance Group provides workers compensation coverage to small and large size companies in almost every industry, Allen Financial has a reputation for creating effective safety and cost-control programs for specific business niches. Along with our expertise in entertainment and recreation we have recently developed specialized safety and cost-control programs for several new areas.   Agriculture, hospitality and technology are rapidly growing industry segments that promise to become an important part of our business.
Allen Financial has been an innovator in developing risk management services that have reduced the incidence and severity of injuries for our client’s employees.  We have established a reputation for creating effective safety management and cost control programs for specific business niches.

In order to help our customers achieve significant reductions in their insurance costs, our safety and claims professionals have developed an array of innovative and extremely effective training and cost control programs. Our goal is not simply to provide insurance coverage and financial security — though we indeed do that as well — but to act as consultants in helping clients reduce their costs, and thus improve their bottom line profits.

Although Allen Financial Insurance Group provides workers compensation coverage to small and large size companies in almost every industry, Allen Financial has a reputation for creating effective safety and cost-control programs for specific business niches. Along with our expertise in manufacturing and construction we have recently developed specialized safety and cost-control programs for several new areas.   Agriculture, hospitality and technology are rapidly growing industry segments that promise to become an important part of our business.

workers-compensation-safety

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8 Point Safety Management Service Plan

Allen Financial brokers and engineers employ a consultation process designed to promote safety on the job and reduce injuries.  This plan has been developed to evaluate and identify potential hazards or risks which may exist in the workplace and to develop a strategy to implement changes to ensure safe working environments.

Historical Analysis.

  • Analyze the previous 3 to 5 years premiums and losses. 
  • Input data to computer system.
  • Perform data analysis/trending.
  • Graphic presentation to client.

Risk Evaluation.

  • Conduct a physical survey of client operations.
  • Access loss producing potential.
  • Output data checklist to underwriting.

Safety Performance Profile.

  • Review written safety program.
  • Interview managers/supervisors.
  • Interview employee and collect observations.
  • Critical review of program effectiveness.

Assessment Analysis.

  • Use the past is best predictor for future results.
  • Inspect physical facility condition.
  • Conduct operational review.
  • Evaluate the quality of safety program.

Strategy Development.

  • Understand customer risk management needs.
  • Development service plan .
  • Recommendation development.
  • Timetable development.

Presentation.

  • Summary of findings.
  • Summary of action plans.
  • Summary of recommendations.
  • Management concensus required, contract sign off.

Implementation.

  • Schedule activities according to risk management plan.
  • Reconfirm dates and plans.
  • Deliver services as agreed.

Summary Report.

  • Review program results achieved with management.
  • Revise and update goals with management.
  • Return to implementation.

We are dedicated to providing the highest quality of safety management services for our customers. We provide value added services with competence, credibility, integrity and professionalism. Our purpose is to enhance the profit earning potential of our customers.


 

Principles of State Workers’ Compensation Laws:WC laws are based on the legal concept of employer liability without regard to fault (strict liabiltiy by statute). Workers give up their right to sue for damages, but employers take on the obligation to compensate workers’ employment-related injuries as stipulated in each state’s WC law. The five specific objectives of the WC system:

  1. prompt payment of adequate benefits to injured employees or their dependents,
  2. elimination of payment delays and litigation costs,
  3. guaranteed payment of benefits,
  4. promotion of industrial safety, and
  5. payment for medical care services.

 

The Internal Revenue Service

These are the 20 criteria used by the Internal Revenue Service to determine whether an individual should be treated as an Employee or an Independent Contractor. On the checklist below, affirmatives indicate Employee status, and negatives indicate Independent Contractor status. The IRS may not agree with evaluations based on this checklist. It may give overriding weight to one or two factors, tipping its evaluation in one direction.

This checklist will only give an indication of how the IRS would evaluate a situation. Before making a final determination, you should consult your accountant

  • The individual must comply with instructions as to when and how work is performed.
  • The individual is trained to perform the work in a particular method or manner.
  • The individual’s services are integrated into the operations of the employer’s business.
  • The individual must render the services personally.
  • The employer hires, supervises and/or pays the individual’s assistants.
  • There is a continuing relationship between the individual and the employer.
  • The hours of work are set by the employer.
  • The employer directs the order in which the work must be done.
  • The individual is required to devote full time to the employer.
  • The work is performed at the employer’s place of business.
  • Regular oral or written reports are required.
  • Hourly, daily or weekly compensation is paid.
  • Business or travel expenses are reimbursed.
  • The employer furnishes tools and materials used in providing the service.
  • The individual has no significant investment in the facilities used.
  • The individual can realize only a profit.
  • The individual is restricted from working for other firms at the same time.
  • The individual is restricted from making services available to the general public.
  • The individual is protected from dismissal for reasons other than breach of contract.
  • If the individual terminates the relationship before a job is completed, he or she is liable.

 

Information Request Form

 

  Contact us by phone (800) 874-9191, FAX (602) 992-8327 
or email below for more product information.

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Workers’ Compensation Insurance

Workers’ Compensation Insurance
Workman’s Compensation Insurance
By: Allen Financial Insurance Group

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Workers’ Compensation

Allen Financial has been an innovator in developing risk management services that have reduced the incidence and severity of injuries for our client’s employees.  We have established a reputation for creating effective safety management and cost control programs for specific business niches. In order to help our customers achieve significant reductions in their insurance costs, our safety and claims professionals have developed an array of innovative and extremely effective training and cost control programs.

What is Workers’ Compensation Insurance?

Workers’ compensation provides benefits to employees for work-related injuries or illnesses including medical care, wages from lost work time, and more. It also provides a deceased workers’ family with a financial benefit. If a workers’ family decides to sue a company, it can also help cover the related legal fees.

Workers’ compensation insurance can help protect your business and employees in events such as these:

  • An employee slips on ice, injures himself while walking up the stairs to the office, and requires an emergency room visit and weeks of recovery time.
  • An employee injures her back lifting a box of printer paper and requires a doctor’s attention, medication and physical therapy.
  • An employee returning to the office from visiting a client is injured in a car accident and requires hospitalization.

With workers’ compensation insurance, AFIG will help pay for the medical expenses needed to treat these job related injuries and illnesses. Workers’ compensation will also help employees keep their income while they take time off to recover.

Workers
Workers’ Compensation Insurance Quick Facts

You can turn your Workers’ Comp policy to help pay for employees’ work-related injury or illness expenses, including…

  • Medical bills.
  • Ongoing care (including medication and rehabilitation).
  • Missed wages (often partial) during recovery.
  • Funeral expenses for fatal incidents.
  • Death benefits to support the deceased’s family.
But it won’t pay for :
  • Injuries caused by intoxication or drugs.
  • Self-inflicted injuries.
  • Injuries from a fight the employee starts.
  • Injuries caused by horseplay or company policy violations.
  • Off-the-job injuries.
  • Injuries claimed after an employee is fired or laid off.
  • Independent contractor injuries.
  • Wages for a replacement worker.
  • OSHA fines.

 

Who Needs Workers’ Compensation Insurance?

SMALL BUSINESSES CONTRACTORS AND FREELANCERS CONSTRUCTION PROFESSIONALS
WHO REQUIRES IT? State laws State laws Clients and some state laws
WHY DO YOU NEED IT? Many states require you to carry coverage when you hire your first employee. You could face fines and other penalties for ignoring these rules. Some clients may require proof of Workers’ Comp coverage to prove to their insurer you’re not an employee. Some states require solo roofers and other construction contractors to carry coverage for themselves.