Workers’ Compensation Insurance

OSHA is a federal agency that establishes minimum health and safety standards for workers, conducting inspections and penalizing employers who do not meet its standards. OSHA does not provide compensation to workers injured on the job. Defined above in the first FAQ, workers' compensation is an insurance product provided by a for-profit business and regulated by the appropriate state government.

Talk with your insurance agent to ensure coverage.

A premium review or audit is necessary because your policy premium was based upon estimated exposure developed by you and your agent. The annual premium, or installment premium, was calculated using your estimated payroll amounts for the upcoming policy year.

The resources on our Premium Audit pages are designed to provide our policyholders with the detailed information and tools to help them prepare for their annual audits and make them go as smooth and quickly as possible. We know audits can be stressful, and they certainly don't have to be painful - all it takes is a little advanced planning. Our Premium Audit team is here to serve you and help make the process simple and easy.

• Audit Preparation
• Quickbooks Guides
• Audit Inquiries
• Other Information

The first and most important step in the process for employers is to report a claim immediately, even if the employer doesn't have all the necessary information. A Builders representative will then contact the employer and explain the process and begin an investigation. Claims can be filed online, emailed, faxed, or called in toll free 24/7 at 800.883.9305.

• Determine coverage/jurisdiction
• Start the investigation process upon receipt of claim
• Establish reserves within the first 30 days
• Manage expenses associated with the handling of the claim 
• Manage the litigation process to ensure timely defense and settlement of claim
• Settle appropriate claim
• Comply with all regulatory procedures.
• Subrogate if an additional party is responsible for the loss
• Supervision and file reviews completed on all files.