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The How of Business - How to start, run, grow and exit a small business.

497 – Workers' Compensation Insurance with Kevin Ring

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7522 Ratings

🗓️ 4 November 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

Workers' Compensation Insurance for small business owners with Kevin Ring. Understanding and managing Workers' Compensation Insurance is crucial for small business owners, balancing both employee safety and benefits, and the financial impact on a small business.

Show notes page: https://www.thehowofbusiness.com/497-kevin-ring-workers-compensation/

Kevin shares his expert tips and in-depth knowledge on managing Workers' Comp effectively. Kevin is the Lead Workers' Compensation Analyst at the Institute of WorkComp Professionals (IWCP), which trains both insurance agents and employers in how to build a successful workers' comp program.

Employers have been taught that because workers' comp is mandatory, and the policy is the same no matter who they work with, that they have no control and should just shop for the lowest price. But nothing could be further from the truth!

Kevin has reviewed and analyzed over 1,200 experience mod worksheets with clients and has served as an expert witness in litigation involving the workers' comp premium audit.

Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com

Transcript

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0:00.0

Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start, run and grow your small business.

0:13.1

And now here is your host.

0:16.0

Welcome to this episode of the Howa Business. This is Henry Lopez, and my guest today is Kevin Ring. Kevin,

0:22.3

welcome to the show. Henry, it's great to be here. Thanks so much for having me.

0:26.7

We're going to chat about and Kevin's going to share his expertise and knowledge on workers

0:32.9

compensation insurance. So navigating workers' compensation insurance, which is, of course,

0:39.6

crucial for small business owners. So balancing both employee safety and benefits and the financial

0:45.8

impact of having this type of coverage as a small business owner. And so to help us better

0:51.8

understand this workers' compensation insurance is Kevin Ring.

0:56.5

He's with me today. He leads the workers compensation, or he is rather a lead workers'

1:02.3

compensation analyst at the Institute of Work Comp professionals. And he'll tell us more about

1:08.6

that organization and what he does there. He's going to share

1:12.0

his expert tips and his in-depth knowledge on managing workers' compensation effectively.

1:18.5

If you want to receive more information about the Hawa business, including the show notes page for

1:22.8

this episode and how you can continue supporting my show and receive workshop discounts

1:27.8

and join my monthly group coaching session through a Patreon membership.

1:32.9

Just visit DeHawabusiness.com.

1:35.2

I also encourage you to please subscribe wherever you're listening to the show

1:38.7

so you don't miss any new episodes.

1:41.6

Let me tell you a little bit more about Kevin.

1:42.9

Kevin is, again, as I said,

1:44.3

the lead workers compensation analyst at the Institute of Work Comp Professionals, WCP, which

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