Workers’ Compensation Insurance Dallas Fort Worth

972-445-5100

If you operate a business in the Dallas Fort Worth area, or elsewhere in the State of Texas, and are looking for workers’ compensation insurance policies then be sure to contact us today.

We are an independent insurance agency and will work to find you great rates on a policy which is customized for your needs which will protect against situations which you may not yet have experienced.

 

   


Texas Department Of Insurance Content On Workers’ Compensation

This resource from the TDI pertains to all aspects of workers’ compensation insurance:

https://www.tdi.texas.gov/wc/regulation/index.html

Below are snippets of interest from the full report:

 

Workers’ Compensation Manuals

Current Manuals: TDI has adopted the following National Council of Compensation Insurance (NCCI) manuals, with Texas exceptions. NCCI’s manuals are available by subscription at www.ncci.com.

  • Basic Manual for Workers Compensation and Employers Liability Insurance (Basic Manual), optionally for policies with effective dates on or after June 1, 2014; and required for policies with effective dates on or after October 1, 2014 (see Commissioner’s Order No. 3142, March 21, 2014).
  • Forms Manual of Workers Compensation and Employers Liability Insurance (Forms Manual), optionally for policies with effective dates on or after June 1, 2014; and required for policies with effective dates on or after October 1, 2014 (see Commissioner’s Order No. 3142, March 21, 2014).
  • Statistical Plan for Workers Compensation and Employers Liability Insurance (Statistical Plan), for reporting statistical data for Texas worker’s compensation policies with effective dates on or after January 1, 2015 (see Commissioner’s Order No. 3455, July 29, 2014).
  • Experience Rating Plan Manual for Workers Compensation and Employers Liability Insurance (Experience Rating Plan Manual), for calculating experience rating modifications with effective dates on or after July 1, 2015 (see Commissioner’s Order No. 3708, December 5, 2014).
  • Retrospective Rating Plan Manual for Workers Compensation and Employers Liability Insurance (Retrospective Rating Plan Manual), available for use in Texas as of June 1, 2011. For new and renewal workers’ compensation policies written on a retrospectively rated basis with effective dates on and after January 1, 2017, insurers must either make a reference filing with TDI to use the NCCI Retrospective Rating Plan Manual, or file their own retrospective rating plans with TDI. (See Commissioner’s Order No. 4215, December 7, 2015).


This resource provides more information about the Texas workers’ compensation rate guide:

https://www.tdi.texas.gov/wc/regulation/rcomp.html

Here are some snippets from that resource:

 

 Basis of rates tables

Please note that TDI eliminated relativities as a rate basis for policies with effective dates on or after July 1, 2020. See Commissioner’s Order No. 2020-6354, dated June 2, 2020.

Listing of Companies by Group & Filing Information

Company/Group Index

This rate guide is published to assist you in comparison shopping for your workers’ compensation coverage. A company may choose to base its rates on its own independent company-specific relativities filed by the company or loss costs filed by the National Council on Compensation Insurance (NCCI), an advisory organization to the Texas Department of Insurance (TDI).

The loss costs filed by NCCI for each classification are intended to cover the indemnity and medical benefits provided under the workers’ compensation system in Texas, as well as the expenses associated with providing these benefits. Companies file a loss cost multiplier (LCM), which contemplates any other expenses associated with providing workers’ compensation insurance, such as agents’ commissions, profits and taxes for the company.

Texas employers are assigned one or more classifications based on the type of business. Each employee’s payroll is then assigned to the appropriate classification. The total payroll for each classification is then multiplied by the company’s rate for that classification (rate per $100 payroll) to determine premium. The employer’s basic premium is the sum of the individual classification premiums.