When it comes to workers’ compensation insurance, do all the businesses placed in the assigned risk pool really deserve to be there? The short answer is “No”.
As most business owners know, obtaining a competitive workers’ compensation insurance policy can be challenging, particularly for new businesses, businesses that have poor claim experience or those that use an insurance broker with limited insurance company appointments. Most states have established workers’ compensation “pools” so that businesses with poor claim experience can obtain coverage while they work on improving workplace safety and reducing the number of accidents. Many companies, however, find their way to the pool for other reasons that have little to do with safety.