Chomp Comp: The Small Business Guide to Lower Workers' Comp Premiums - Softcover

Barry S. Spurlock; Keith R. Wertz

Softcover

ISBN 10: 0979712726 ISBN 13: 9780979712722

Publisher: Lighted Path Publishers, LLC, 2008

Synopsis

Small businesses are the life-blood of the U.S. economy. A staggering 98% of all private-sector businesses in the United States are small businesses. 87% have fewer than 20 employees. With very few exceptions, these employers are required to provide their employees with workers compensation coverage. For many, the cost of providing that coverage takes a significant bite out of their company s profits. Through individual consultations, the authors of CHOMP COMP have had the distinct honor and privilege of working with hundreds of small business owners and managers to better manage their workers compensation costs. Through those consultations and the relationships formed in the process, the authors of CHOMP COMP became convinced that it s not a lack of desire that keeps small businesses from controlling the cost of their workers compensation premiums aggressively. Instead, it s a lack of knowledge. Unfortunately, resources that are specifically targeted to assist small businesses reduce their workers compensation costs are nearly non-existent. As a result, the overwhelming majority of small business employers learn how to control the cost of their workers compensation premiums through years of trial and error. The result is that they pay for those years of errors through much higher than necessary workers compensation premiums. CHOMP COMP is written specifically to small businesses owners and managers and is intended to be used as a resource and guide for companies with fewer than 100 employees. It is not written for large corporations that have staff safety professionals, a risk manager or an occupational nurse. It is written with the full understanding that the individuals who will be reading this book wear many hats and, despite the significance of the topic, cannot devote a great deal of their time to it. Although CHOMP COMP assumes that the small business owner or manager knows nothing about workers compensation insurance, it does not delve into impractical timelines explaining the evolution of workers compensation insurance. Nor does it list specific details about workers compensation legislation that are bound to change in some jurisdictions within months of the book s publication. Instead, CHOMP COMP provides practical information to help small business employers and managers understand workers compensation insurance and the factors that can influence premiums now an in the years to come. From there, it tackles those factors one after another. The authors have taken great effort to present the material in an easy to-read format and have intentionally limited the length of the chapters to enable small business employers and managers to read and digest chapters in the spare 15 to 20 minutes they can carve out of their busy schedules. If you are a small business owner or manager, it is the hope, and indeed the prayer of the authors that this book will provide meaningful guidance in your efforts to take a bite out of your workers compensation premium.

About this title

About the Author

Barry S. Spurlock has extensive experience as a safety professional working in manufacturing, insurance loss control and in academia. He holds a Bachelor s degree in Industrial Safety and Risk Management and a Master s degree in Loss Prevention and Safety Administration, both from Eastern Kentucky University. He currently works as a loss control consultant with Midwestern Insurance Alliance and as a principal consultant with his own firm, Spurlock & Higgins, LLC. In addition to his current consulting capacities, Barry has been an adjunct faculty for Indiana University since 2002, teaching various courses for students pursuing degrees in occupational safety management and safety science. Barry is an active member of the American Society of Safety Engineers and is a frequent speaker at regional, corporate, state and national safety conferences. He lives with his wife Candace and two children, Emma and Emory, in Louisville, KY. Keith R. Wertz has 15 years of insurance loss control experience, and currently serves as the Loss Control Manager for Midwestern Insurance Alliance. In that capacity he directs and provides consultative loss control services to a clientele comprised largely of small businesses. He holds a Master s degree in Loss Prevention and Safety Administration from Eastern Kentucky University and is an active professional member of the American Society of Safety Engineers. Keith is the co-author of Managing Workers Compensation: A Guide to Injury Reduction and Effective Claim Management and has been a repeat speaker at state safety conferences. He resides in Lexington, KY with his wife Deena and is a father of three, a grandfather of six, and serves as a deacon in his local church congregation.

Edition details

• Publisher: Lighted Path Publishers, LLC
• Publication date: 2008
• Language: English
• ISBN 10: 0979712726
• ISBN 13: 9780979712722
• Binding: Paperback
• Number of pages: 288