Are you signing contracts requiring Waivers of Subrogation on your Workers Compensation Insurance?
Waivers of Subrogation prevent your workers comp insurance company from seeking reimbursement from a negligent third party on claims that they paid to one of your employees. Waivers are not uncommon in GC to Contractor or Owner to Contractor construction agreements.
Contracts are negotiable – pulling a waiver requirement will help to keep your workers compensation rates low and prevent your experience modification from becoming inflated.
For more information on the pros and cons of Waivers of Subrogation – feel free to contact me: