LJ Stein’s US Workers Compensation team understands the various nuances that come with operating a company involved in the Oil & Gas Industry. Many of the oil producing States in the U.S.A. are governed by different legislation when it comes to Workers Compensation.
By understanding these nuances, we are able to help our clients as they expand across the U.S.A. In collaboration with our clients, we work together to help our clients understand how the US Workers Compensation system works, as well as how to help our clients ensure that they are getting the correct coverage in the jurisdictions in which they are operating.
The US Workers Compensation accounts for the majority of the insurance premium for many companies engaged in the Oil & Gas industry. The US Workers Compensation is generally handled privately by Insurance Companies. There are a few exceptions (Monopolistic States) which are handled through Government Entities.
Our US Workers Compensation group works with our clients on the following:
- Employee Classifications
- Employee Class Code Exceptions
- Payroll Classifications
- Payroll Tracking
- MultiJurisdictional Employment
- Experience Modification Rate (EMR) Projections
- Experience Modification Rate (EMR) Review
- Claims Handling
- Inclusion in Health Care Networks
- Third Party Administration
- Loss Forecasting
- Cost Accrual/Budgeting
Our US Workers Comp group has experience working in Guaranteed Cost, Captives, Group Captives, High-Deductible Plans, and Retrospectively Rated Plans.