Many workers’ comp insurance policies will renew on January 1, 2011. If this is true of your policy, you may want to consider joining the MDA group workers’ comp program through Michigan Millers. On January 1, 2011, base rates in the program will decrease between three and eight percent! Why not start the New Year with a little extra money in your pocket? If your policy renews on a date other than January 1, you may want to consider switching to MDA Insurance with this as your new effective date (your existing policy can be cancelled mid-term and your unearned premium will be refunded). A January 1 renewal date makes it more convenient to complete your annual workers’ comp payroll audit, as figures from employee W-2’s are easily reported on your payroll audit forms. Workers’ comp audits are necessary to ensure that your annual premium, which is based on payroll figures, is an accurate reflection of the actual risk involved.
If you have any questions, or if you would like more information on the MDA group workers’ comp program, please call our office at (800) 860-2272 or visit the workers’ comp section of the website, located under the "Commercial" tab of your group or profession. We look forward to working with you!