Risk financing options for workers compensation insurance

Assignment Help Operation Management
Reference no: EM13970709

Rocky Road Construction is looking at risk financing options for their workers' compensation insurance. The two types of programs that they are considering are individual self-insurance and a large deductible program. All of the following are advantages of implementing a large deductible plan rather than self-insurance EXCEPT

a. higher startup costs.

b. no need for regulatory approval.

c. no need to meet state and insurer financial requirements.

d. certificates of insurance that are easier to provide.

Reference no: EM13970709

Questions Cloud

What is not an organizational behaviour trend : If an organization increases its span of control, what is required as below? What is not an organizational behaviour trend? Using the options below, what is involved in Organizational politics? What is Organizational socialization? Choose the best An..
Which trade theory do you think best explain trade flows : Which trade theory do you think best explain trade flows between the United States and China? Why? Do you think that China is pursuing an economic policy that can be characterized as neo-mercantilist?
Require the patients to be educated with the new system : How is reflecting the nursing practice in patient care the changes in the health care delivery system which require the patients to be educated with the new system?
Compensation insurance under retrospective rating plan : Dragon-Dungeon Builders, Inc. has decided to buy workers' compensation insurance under a retrospective rating plan. The insurer providing this retrospective rating plan must pay premium taxes to the state. To allow for the insurer's expense in paying..
Risk financing options for workers compensation insurance : Rocky Road Construction is looking at risk financing options for their workers' compensation insurance. The two types of programs that they are considering are individual self-insurance and a large deductible program. All of the following are advanta..
High frequency of minor injuries due to cuts : Austin Stone Products has a high frequency of minor injuries due to cuts and bruises suffered by employees handling and installing its products. Austin Stone is located in a state that does not approve the use of a workers' compensation deductible.
How wrap-up insurance is handled in most jurisdictions : E&B Contracting has been invited to bid on a project for which a wrap-up construction insurance program is being considered. E&B is not clear as to how insurance costs should be factored into its bid. Which of the following statements accurately desc..
Experience rated workers compensation policy : Morton Bricklayers Group is a nationwide bricklaying company. Morton has an experience rated workers' compensation policy that runs from January 1 to January 1 of each year. Morton's loss experience during year January 1, 2004-2005 will normally affe..
Issues policy that provides other states insurance coverage : Gibson Mutual Insurance Company, domiciled in State “M,” issues a policy that provides other states insurance coverage that applies to a claim in Iowa, a state where it is not licensed. Under these circumstances, most likely

Reviews

Write a Review

Operation Management Questions & Answers

  Weeks in different month from the other professors

Khalili, McCain, Middleton, Porter, and Quintaro teach at Oklahoma City University. Each gets two weeks of vacation a year. Last year, each took his or her first week in the first five months of the year and his or her second week in the last five mo..

  Burger doodle is a fast-food restaurant

Burger Doodle is a fast-food restaurant that processes an average of 680 food orders each day. The average cost of each order is $6.15. Four percent of the orders are incorrect, and only 10% of the defective orders can be corrected with additional fo..

  Compute the total cost

The Austin, Texas plant of Computer Products produces disk drives for personal and small business computers. Gerald Knox, the plant's production planning director, is looking over next year's sales forecasts for these products and will be developing ..

  Analyze the key approaches that your negotiation team

Analyze the key approaches that your negotiation team should use in order to research both the government negotiators attending the negotiation session and the government's overall operations.

  Formulate the linear programming production mix situation

Electrocomp Corporation manufactures two electrical products: air conditioner and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling.

  What substantial government interest is congress attempting

What substantial government interest is Congress attempting to protect with the National DNC List? Where is that found in U.S. Constitution? What other strategies could the government employ to reach the same result?

  Determine three to five advantages the buy american

Determine three to five advantages the Buy American Act provides to small or large businesses that sell domestic items.

  Formulating a business-level strategy

All of the following are decisions that should be addressed when formulating a business-level strategy EXCEPT:

  Representation of women or minorities in its workforce

To determine if there is an under representation of women or minorities in its workforce, an employer should look at the difference between

  Standard-performance and high performance software rents

Harold Potter, a manager of Designs by Potter, is upgrading his CAD software. The high performance (IBM) software rents for $3,000 per month per workstation. The standard-performance (HP) software rents for $2,000 per month per workstation. The produ..

  What is the most difficult

what do you need to be a manager? what is the most difficult?

  Define and discuss some of the steps

Suggest other recommendations you can make to improve the latest CEO's effectiveness and drive performance results to meet stakeholder expectations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd