[QUOTE=Dubious;680830]
Quote:
Originally Posted by gabbycakes
My understanding is that WC companies have to have money in "reserves" to cover claims. A surgical lower back disc surgery might cost $100K or more, cheap compared to a RSD/CRPS case! That does not even include future medical costs for the life of the patient.
I am not justifying the carriers charges but I do as an employer and prior evaluator, understand that while many employers will not have many claims, when they do occur, they are expensive!
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My client has been in business 25 years and we have never had a W/C Claim in all those years. The rough math for preiums over 25 years = $100,000.00 and that's just one small company. Of course the charge have gone up so let's take $30,000.00 off, so it's $70,000.00 rough. W/C insurance prices are calulated by the dollar amount of your payroll and the number of employess. So just imagine a large company like Wal-Mart who employess thousands or many thousands. Sorry, W/C Insurance Companies are earning tons of profits and just working on the basis pay as least as you can and fight the claimant until they give up...