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GDI Insurance Agency, Inc |
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Workers Compensation & Employers Liability |
| This coverage is required by state law, and applies to all temporary or permanent cast production crew or office "employees". This policy provides coverage for medical, disability or death benefits to any cast, crew or office "employee" who becomes ill or who is injured in the course of his/her employment.Individuals who consider themselves "independent contractors" or "sub-contractors" will usually be held to be employees (as far as Worker's Compensation is concerned), and failure to carry this insurance can result in having to pay any benefits required under the law, plus substantial penalties.
Shopping for work comp insurance is different than shopping for any other kind of insurance. In most states, businesses go through a process called experience rating which results in a number called the experience modification factor - "the mod." Many employers realize the higher the mod, the more premiums they pay. The lower your mod, the less premiums they pay. But employers often don't realize what they can do to lower their mod and their insurance costs! Your mod tells a story. Your mod is all about how your business compares to similar businesses in the state(s) you operate in. Maybe...
You need a broker who can help you learn the story of your mod.
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For Everything You Need To Be Compliant Just Call your GDI Broker Today!
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