Concrete inFocus - Spring 2017 - 32

Be aware of your "loss valuation date"
and make certain that every possible claim
is closed before that date. Generally, that is
six months before the ex-mod becomes effective. Otherwise, your ex-mod might include
an open claim reserve that was settled.
Remember that you can negotiate with the
insurer's claims adjuster to close claims before
the loss valuation date.
Confirm that the insurance carrier has computed Loss Adjustment Expenses correctly and
that they are omitted from the total Incurred
Losses. These are the insurer's expenses and
should not be charged to your ex-mod. Finally,
check the payrolls and confirm that correct
amounts are used. Also look for payroll for
uninsured subcontractors charged on the premium audits. Payroll charged to these uninsured subs should be included in the ex-mod.
This will lower the ex-mod.

Take Advantage of
the Construction
Classification Premium
Adjustment Program
This is a potentially large credit, available
to firms with eligible classifications. It is available in 15 states: Alaska; Connecticut; Florida;

ı

SPRING 2017
32725598_Innovative.indd
1

Hawaii; Illinois; Maryland; Massachusetts;
Missouri; Montana; Nebraska; New York;
New Mexico; Oklahoma; Oregon; and
Virginia. All states require the policy to contain at least one classification code related to
construction and may have other conditions.
Three states require the experience modifier
to be no greater than 1.0. What follows is
a general discussion of this credit, how it is
administered and how to receive it.

Known by the acronym CCPAP, this is
an often overlooked credit that is available
to contractors that pay wages greater than
the statewide average wage. Since workers'
compensation premium is, at its simplest,
a rate x payroll, the higher the payroll, the
higher the premium. The CCPAP offsets the
higher premium resulting from pay higher
than the state average. Unfortunately, an indepth knowledge of the credit is uncommon

11/12/14 7:02 PM


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Table of Contents for the Digital Edition of Concrete inFocus - Spring 2017

From the President’s Desk
Corporate Suite Column
Enviroscene Column
Strong and Efficient: Insulating Concrete Forms for Multifamily Residential Construction
Cut the Cost of Workers’ Compensation Insurance in the Concrete Industry
Engineering: Specifications for Concrete Construction
Predicting the Potential for Plastic Shrinkage Cracks
2017 Product Preview
Index of Advertisers
Concrete inFocus - Spring 2017 - belly1
Concrete inFocus - Spring 2017 - belly2
Concrete inFocus - Spring 2017 - cover1
Concrete inFocus - Spring 2017 - cover2
Concrete inFocus - Spring 2017 - 3
Concrete inFocus - Spring 2017 - 4
Concrete inFocus - Spring 2017 - 5
Concrete inFocus - Spring 2017 - 6
Concrete inFocus - Spring 2017 - 7
Concrete inFocus - Spring 2017 - 8
Concrete inFocus - Spring 2017 - 9
Concrete inFocus - Spring 2017 - 10
Concrete inFocus - Spring 2017 - From the President’s Desk
Concrete inFocus - Spring 2017 - 12
Concrete inFocus - Spring 2017 - Corporate Suite Column
Concrete inFocus - Spring 2017 - 14
Concrete inFocus - Spring 2017 - 15
Concrete inFocus - Spring 2017 - Enviroscene Column
Concrete inFocus - Spring 2017 - 17
Concrete inFocus - Spring 2017 - Strong and Efficient: Insulating Concrete Forms for Multifamily Residential Construction
Concrete inFocus - Spring 2017 - 19
Concrete inFocus - Spring 2017 - 20
Concrete inFocus - Spring 2017 - 21
Concrete inFocus - Spring 2017 - 22
Concrete inFocus - Spring 2017 - 23
Concrete inFocus - Spring 2017 - 24
Concrete inFocus - Spring 2017 - 25
Concrete inFocus - Spring 2017 - 26
Concrete inFocus - Spring 2017 - 27
Concrete inFocus - Spring 2017 - 28
Concrete inFocus - Spring 2017 - 29
Concrete inFocus - Spring 2017 - 30
Concrete inFocus - Spring 2017 - Cut the Cost of Workers’ Compensation Insurance in the Concrete Industry
Concrete inFocus - Spring 2017 - 32
Concrete inFocus - Spring 2017 - 33
Concrete inFocus - Spring 2017 - 34
Concrete inFocus - Spring 2017 - 35
Concrete inFocus - Spring 2017 - 36
Concrete inFocus - Spring 2017 - Engineering: Specifications for Concrete Construction
Concrete inFocus - Spring 2017 - 38
Concrete inFocus - Spring 2017 - 39
Concrete inFocus - Spring 2017 - 40
Concrete inFocus - Spring 2017 - Predicting the Potential for Plastic Shrinkage Cracks
Concrete inFocus - Spring 2017 - 42
Concrete inFocus - Spring 2017 - 43
Concrete inFocus - Spring 2017 - 44
Concrete inFocus - Spring 2017 - 45
Concrete inFocus - Spring 2017 - 2017 Product Preview
Concrete inFocus - Spring 2017 - 47
Concrete inFocus - Spring 2017 - 48
Concrete inFocus - Spring 2017 - 49
Concrete inFocus - Spring 2017 - 50
Concrete inFocus - Spring 2017 - 51
Concrete inFocus - Spring 2017 - 52
Concrete inFocus - Spring 2017 - 53
Concrete inFocus - Spring 2017 - Index of Advertisers
Concrete inFocus - Spring 2017 - cover3
Concrete inFocus - Spring 2017 - cover4
Concrete inFocus - Spring 2017 - divider1
Concrete inFocus - Spring 2017 - divider2
Concrete inFocus - Spring 2017 - 57
Concrete inFocus - Spring 2017 - 58
Concrete inFocus - Spring 2017 - 59
Concrete inFocus - Spring 2017 - 60
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