Anticipated Workers Compensation Trends For 2021

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Anticipated Workers Compensation Trends For 2021
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• Having workers compensation coverage is required
  by law in the majority of states throughout the
  US, but aside from that, having it helps to get
  injured employees back to work as quickly, and
  safely as possible a win-win for both parties.
  This is why the development of an effective
  workers compensation program is vital for any
  company, no matter its size. To achieve this
  though, its important to be aware of the latest
  trends in this form of insurance, and with the
  global pandemic hitting many countries hard,
  after-effects of this are anticipated to have an
  impact on the insurance industry as a whole, well
  into 2021.

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• Work with an outsourced payroll provider, and
  they will keep you up to date with any changes to
  rules and regulations in workers compensation
  coverage, and advise you of which plan would best
  suit your company (along with implementing it for
  you, too). In the meantime, lets look at some
  anticipated workers compensation trends for 2021

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• Covid-19 and its continuing impact on
  compensation-related reporting
• With the pandemic now well into its second wave
  in many countries of the world, the US included,
  employers are continuing to make adjustments to
  remain in compliance with government
  restrictions, and to keep themselves, their
  employees and their customers, safe. Remote
  working, adapting employees roles, implementing
  lay-offs or furloughs and even stopping
  operations completely, are just some of the
  changes, employers have been forced to make.

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• Depending upon which state your business operates
  in, these adjustments could be subject to a
  variety of workers compensation-related
  reporting changes, and could even have an impact
  on your organizations premium costs and
  experience modification factor, due to workplace
  risks and safety exposures likely having altered.
• What else should your business prepare for?
• Claims related to Covid-19 exposure may arise,
  and in general, claims related to the virus are
  evaluated individually, and compensation coverage
  may be triggered if the following are both true

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• The illness in question arises out of the course
  and scope of employment
• The illness in question arises out of or is
  caused by job-specific conditions and not an
  ordinary disease of life (such as the common
  cold) to which the general public is exposed.
• Its important to remember that every claim is
  different though, and when it comes
  compensability, as an employer, youll need to
  ensure that you thoroughly assess the job or
  tasks the employee in question was performing
  when they were exposed to the virus.

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• Also, some states will have differing thresholds
  for Covid-19 compensability, ranging from general
  language regarding workplace illnesses, to very
  specific guidance on Covid-19 claims. Try to take
  note of the developments in your state regarding
  the interaction between the virus and workers
  compensation claims, and if in doubt, talk to an
  insurance expert.
• Whatever state youre in and wherever your
  business operates out of, implementing workplace
  health and safety measures that help to protect
  your employees from exposure to Covid-19 is
  always going to be a positive step towards
  limiting the likelihood of related claims.
• To find out more about your coverage requirements
  for 2021, talk to an insurance professional.

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• Apollo Payroll is one of the premier small
  business payroll companies in Miami Beach and
  Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  payroll service in Miami and other cities in
  Miami-Dade County, employee background check and
  group health insurance in Coral Gables Miami.