How is workers comp insurance priced?
Since 1994, Missouri insurance companies have set rates without approval of DIFP. Generally, insurance companies base their rates on loss data on each job classification code compiled by the National Council on Compensation Insurance (NCCI). The NCCI is also responsible for maintaining the job-classification code system and administering the experience rating plan. The NCCI can be reached at 800-622-4123 or online.
Good day! According to information from the internet, workers compensation insurance provides financial protection for your small business/company. Also it can be called like commercial general liability insurance. It is really so important that in most states you like a business owner will need to get it the moment you hire your first employee.
