Saturday is a workday!
WAITING PERIOD TRAP:
The Waiting Period Trap is the black hole called Saturday! The WC Statute includes Saturday as a work day. It doesn’t matter if your business works Saturday or not. It is counted!
What does that mean? Saturday is counted as one of the days in the three day waiting period. If Saturday is the fourth day the employee missed work you then have a lost time claim.
Take Away # 3 discussed the impact that lost time claims have on your premium. These types of claims cost you 3 times as much in premium due to the impact on your experience modification.
Our takeaway #9 referred to the importance of the first conversation. Your first conversation to set the tone for delivering your policy is the only thing that could possibly keep you from experiencing the waiting period trap.
For more information please contact the knowledgebrokers
