1. Medical-only claims involve
- only medical expenses
2. Lost work time claims involve
- injuries with four or more days of lost work time compensation
- permanent disability
I have to mention Safety Rating again, because this fatal accident affects directly on the safety ranking. For example, if there are plenty of these violations FMCSA will downgrade the motor carrier safety rating from satisfactory to conditional or from conditional to unsatisfactory.
One of three safety ratings will be issued following a compliance review:
- Satisfactory
- Conditional
- Unsatisfactory
Conditional safety ranking will result in increasing the insurance premiums and unsatisfactory safety rating will cost the company amount of work which will lead to bankruptcy.
Conclusion
Always be careful with the regulations, they are important for the safety rating of your company. Learn how to keep your company data in order, this will help you to review your documents for just a second.
If some license expired, you can detect that on time and you will prevent your company from penalties, hire a person only for this if you have to, be sure that everything is in order.
