What professional occupations in Maryland are driving the greatest increases in costs of workers’ compensation insurance, over the past year? What expertise should you be seeking in a Maryland and Baltimore workers’ compensation lawyer?
The most recent workers compensation report out of the State of Maryland (The Maryland Insurance Administration, 2013 Report on Workers’ Compensation Insurance) generally depicts a competitive market for insurers, with a “modest” upwards trend over the past few years in “loss costs” due to injury experiences and benefits paid, along with rising medical and hospital fees. Loss cost data is a primary input used by the Maryland commercial insurance industry as a basis on which to calculate set their own premiums for workers’ compensation health insurance coverage.
The Quality Legal Network reviews these costs in terms of Baltimore Maryland workers compensation lawyer interests.