If you are a business owner in Tennessee, we have some good news. The TN Department of Commerce and Insurance recently announced that Tennessee workers’ compensation rates in 2023 will decrease for most businesses. How Much Will Your Rates Decrease? In mid-December 2022, The TDCI approved a 10.2% loss cost decrease for workers’ compensation insurance. …
Tennessee Workers’ Comp Rates are Declining in 2023 Read More »
1 in 5 work-related deaths in the United States occur within the construction industry. These fatalities cost about $5 billion each year. If you are a construction worker or own a construction company in Tennessee, you know the hazards that come along with what you do. You may have had employees or coworkers severely injured …
The workers’ compensation sector of the commercial insurance industry is generally a stable and profitable segment. However, Tennessee workers’ compensation costs of claims have been increasing, with concerns over severity on the rise. While the frequency of claims has declined, several factors contribute to increasing claim expenses. These increases in the cost of workers’ compensation …
Cost of Workers’ Compensation Claims are on the Rise Read More »
During the summer months, it can regularly get above 90 degrees in Johnson City. This can pose a significant risk for Johnson City construction workers. If you are a construction worker or employer, you need to make sure you are taking proper precautions to protect yourself and your employees against heat-related illnesses. As summer approaches …
Prevent Heatstroke on the Johnson City Construction Site Read More »
Let’s say you’re a business owner in Johnson City, Tennessee. One of your valued employees was just injured on the job. Now imagine not having workers compensation insurance. Could you be sued? Could you lose your business? Workers compensation insurance is a necessity for your business. However, many businesses end up overpaying on their workers compensation …
Let’s talk about workers’ compensation insurance—who has to have it, and who doesn’t? Here are the basics. Who Counts as an Employee? If you are in the state of Tennessee and you have 5 or more employees, you need to carry workers’ comp. That’s the general, baseline rule. What is an employee? The state of …
Workers’ compensation insurance is important to have to protect your business. Therefore, it’s important to know exactly what workers’ compensation covers. If you are a contractor or business owner in the Tri-Cities, it is very important for you to understand how workers’ compensation works and how your employees are covered. Workers’ comp basically covers four …
Workers’ compensation audits are the bane of most business-owners’ existence. Everyone hates them. A workers’ compensation audit is the annual review by your insurance company of your business’s payroll and records, which determine your workers’ comp premiums. Usually, a workers’ compensation audit is a relatively straight-forward process without too many complications, but it can always …
4451 North Roan Street Suite #201
Johnson City, TN 37615
(423) 292-4142
help@veritasRM.com
Monday – Friday 8:30a – 5:00p
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4451 North Roan Street Suite #201
Johnson City, TN 37615
(423) 292-4142
help@veritasRM.com
Monday – Friday 8:30a – 5:00p
