HEADLINE:   Florida Workers’ Compensation Rate 14.5% Increase: Act Now

Managing Your Program

Focusing on The Cost Drivers

to Reduce Insurance Costs

The best way to understand how you can reduce, and even keep your premiums below the price your business competitors pay, is

to focus on the factors that left unattended are guaranteed to drive up your rates. WorkComp Specialists will help you understand and navigate the cost drivers

that impact your business:


Michael R. Scotch

Manage Your Program


Watch Your MOD.

Errors made in the calculations that determine your company’s experience MOD will drive up premium. Your company is categorized by the industry you serve, such as hospitality, construction, etc. Your experience modifier is set each year by the National Council on Compensation Insurance (NCCI) based on the risk or previous losses in your industry category. Insurers use the NCCI mods to compare your claims experience to that of your industry.


Our service to you includes a thorough review of your experience MOD worksheet. We have found that as many as 53% of the owners we assist have correctable errors that save them money.


Avoid Worker Classification Code Mistakes.

Based on the specific job performed by each worker in your company, one or more 4-digit NCCI classification codes are assigned. Each class code has a corresponding rate per every one hundred dollars of payroll. Classification mistakes are common but when corrected are a proven way to lower your premiums.


We closely review your employees’ job duties and match them with the appropriate NCCI class codes to ensure you are paying the proper amount of premium.


Avoid Costly Upfront Payments.

Manage your cashflow by paying only for what you owe with Pay-as-You-Go solutions. Like the old saying goes, “


Cash is King.” When you select the WorkComp Specialists, we’ll use our strong platform with insurers to help you take advantage of low down payments and scheduled payments that maximize your cash flow.


When is a Work Comp Certificate Applicable?

A certificate of insurance is simply an informational document issued by an insurance company/agency that provides proof of insurance.


At Work Comp Specialists, we understand the value of a fast turn-around on certificates. We get them issued as quickly as possible via fax, email, or mail. For the immediate needs, we offer an online 24/7 system. This service allows you to print certificates at your convenience. No more delays to be paid on a job because you are waiting on your agent to fulfill your certificate request!


Should You Exempt Yourself from Workers’ Comp?

In Florida, most individuals that are an officer of a corporation, as registered with the Florida Department of State Division of Corporations, can elect to be exempt from workers’ compensation coverage.


At WorkComp Specialists, we want to make sure you understand the pros and cons of exempting yourself from your policy so that you can make an informed decision.

Interested? Learn more here...



Jim Bertie

“We’ve been with WorkComp Specialists for about three years now and we’re very happy with them.”


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Panama City Beach  |  Gainesville  |  Tampa Bay

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