Lorman offers professional resources regarding COVID-19 and the 2020 Election

Available in:

OnDemand Course
MP3 Download

Overview of Workers' Compensation Rate Calculations

Understand the interworking of the workers' compensation premiums, audits, claims, and other important details that can help you lower cost.

This topic will provide you with an enhanced understanding of the workers' compensation insurance system. If you are running a business with employees, you will have to have workers' compensation insurance to protect the organization from potential injuries of the workers. The injuries, real or alleged, need to be adjusted by the workers' compensation insurance carrier and each state has its own workers' compensation law. The cost of injuries has a direct impact on the cost of coverage. So, the more you know, the better decisions you can make.

84 minutes
Course Exam
Certificate of Completion
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Workers' Compensation System

  • The History of Workers' Compensation
  • The Governing Body of Workers' Compensation

The Workers' Compensation Policy

  • What Workers' Compensation Covers
  • What Is Not Covered

How Workers' Compensation Rates Are Made

  • How Are Premiums Calculated?
  • How Can You Reduce/Control Costs?

Reducing Costs

  • Final Premium Audits
  • Experience Modification Factors

Workers' Compensation Cost Control

  • Class Codes
  • Safety Programs
  • Claims Management
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on January 14, 2021.

Call 1-866-352-9540 for further credit information.

  • HR Certification Institute 1.5
     
  • This E-Learning program has been approved for 1.5 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.25
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.25 PDC(s) for the SHRM-CP or SHRM-SCP.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.0
     
  • HI CLE 1.25
     
  • ME CLE 1.0
     
  • NJ CLE 1.8
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Chris Conti

Chris Conti

RiskWise Safety Consulting LLC

  • Owner/President RiskWise
  • Practice includes safety, insurance and claims
  • RiskWise has many articles available to inform readers on OSHA safety, risk management topics and labor
  • Member, American Society of Safety Engineers (ASSE); Society of Chartered Property Casualty Underwriters (CPCU); Committee Member of the Loss Control Section Society of CPCU
  • Board Certified Safety Professional (CSP); associate in Loss Control Management (ALCM); Chartered Property and Casualty Underwriter (CPCU); associate in Risk Management (ARM); Certified Insurance Counselor
  • B.S.B.A. degree; graduate of the University of Louisiana at Lafayette (formerly USL)
  • Can be contacted at 225-413-7542 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 406050
Published 2021
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!