Restaurant Industry Set to Confront Workers' Comp Challenge with New Food and Beverage Insurance Rating Classification By Jorge Alexandria - June 28, 2024
I sat in on an in-person Workers' Compensation Insurance Rating Bureau (WCIRB) seminar that covered a significant update to the classification system for the California food and beverage industry that will take effect on September 1, 2024. Currently there is just one class code, 9079 (1), for the entire restaurant and hospitality sectors. This update introduces six new classifications that purportedly better reflect the diverse operations and risk profiles across the industry.
In usual form from the WCIRB, the seminar had three great presenters with outstanding graphics. (Insiders' tip: the WCIRB website remains one of the best for workers' comp explanatory definitions and videos). But what does the WCIRB do and why?
The Property Claims Investigation By Barry Zalma, Esq. CFE - August 9, 2021
Insurers are large organizations with varying levels of authority for the payment of claims. The adjuster is the representative at the loss scene. He or she must report, in writing, to superiors with the authority to pay the indemnity required unless the claim falls within the authority provided to the adjuster who will only then write a short closing report.
Writing a clear, concise, understandable and comprehensive report is an essential part of the adjuster’s job.
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