Why WC Matters (Trucking)
According to OSHA, Trucking ranks what in the most dangerous occupations?
6th
What is Part 1 & Part 2 of WO coverage?
Part 1: Workers Comp
Part 2: Employers Liability
What are WC limits?
Statutory.
What endorsement is needed on WC if the insured is an intermodal carrier?
USL&H (US Longshore & Harbor)
What makes up the majority of WC claims in trucking?
Crashes & Collisions (aka accidents)
Describe Part 1 of WC coverage
What is the Experience MOD?
Daily Double!! What is better, above 1 or below?
Based on past loss history, below 1 is better.
Name the 2 coverages EL/Stop Gap can be seen on?
WC & GL.
What is Workers Comp?
Sole remedy for injured employee.
Describe Part 2 of WC coverage
Covers beyond state limits, if a 3rd part sues to because of work place injury (wife sues because husband can no longer have kids etc.)
What is WC premium audited on?
Payroll
Name the Monopolistic States
What is a key factor in determining the status of a OO vs employee?
Control
What is Part 3 of WC coverage?
What is the market of last resort?
State Pool
In what state can you opt-out of the WC system but still remain liable for WC injuries?
TX
Why would a WC UW care about what type of trailer the driver hauls?
Flatbed example - tarps & chains, loading & unloading, could fall off trailers.
Why is Part 3 important in Trucking?
Drivers could be driving across country, making coverage in all other states very important.
What is the Trucking Class Code?
7219
Why & where would you need Stop Gap Coverage?
Monopolistic states because the states do not provide EL coverage.