Tutorial on Workers' Compensation
By Joseph Ryan

Did you know that almost every business that has employees other than the owner is required by state law to carry workers' comp? But you need to be careful in choosing a policy. The fact is many insurance companies can get remarkably tricky when it comes to writing policies - in their bag of tricks are such ploys as classifying the type of work your employees do incorrectly, miscalculating so-called modification factors, and making a variety of other types of mistakes which, oddly enough, result in insurance costs to you that are higher than they need to be.

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