Education Portal

The Wisconsin Compensation Rating Bureau’s Online Workman’s Compensation Education Portal contains modules that are self-paced, slide deck presentations with audio narrations to introduce the basics of workman’s compensation regulation and administration. Learn about why Wisconsin has a worker’s compensation program, how it is governed, what goes into policy making, and what happens when there are cancellations.

Currently our education portal contains one free course that contains the following 5 modules:

  1. Overview 101: Worker’s Compensation and the Worker's Insurance System [Module Details]
    Overview 101: ~18 minutes
    a. What is worker’s compensation
    b. Why do we have it? Historical introduction
    c. Wisconsin Law Chapter 102 Wis. Stats. Chapter 626 Wis Stats.
    d. Who must carry
    e. What does it pay
    f. Who is covered
    g. Who is not covered
    h. Self-Insurance
    i. Penalties for failure to carry coverage
    j. Quiz: 10 Questions
  2. Worker's Compensation Regulation in Wisconsin [Module Details]
    Regulation: ~19 minutes
    a. OCI Office of the Commissioner of Insurance
    b. DWD Department of Workforce Development
    c. WCRB Wisconsin Compensation Rating Bureau
    d. Triangle meetings
    e. WCRB internal committees
    f. WCRB worker’s compensation rules
    g. WCRB internal functions
    h. Quiz: 20 Questions
  3. Worker's Compensation Rate Making Methodologies [Module Details]
    Rate Making: ~26 minutes
    a. Administered rate
    b. Pricing objectives
    c. Class code lookup
    d. Premium pricing components
    e. Statewide average rate change
    f. Manual rate
    g. Experience rating
    h. Operating expenses of insurers
    i. Worker’s compensation benefits
    j. Premium benefits vs expenses
    k. Premium determination
    i. Expense constant
    ii. Minimum premium
    l. Final earned premium determination
    m. What makes Wisconsin different
    i. Administered rates
    n. Quiz: 10 Questions
  4. Worker's Compensation Cancellations and Non-Renewals [Module Details]
    Cancellations: ~14 minutes
    a. Reasons for cancellation
    b. Governing laws
    i. Ins 21 Administrative Code
    ii. Chapter 102 Wis Stats
    c. Reinstatement
    d. Policy non-renewal
    e. Mid-term cancellation
    f. Quiz: 10 Questions
  5. Worker's Compensation Short Rate Vs. Pro Rata Premium Returns [Module Details]
    Short Rate v Pro Rata: ~17 minutes
    a. Short rate vs pro rata premium returns
    b. Pro rata premium calculations
    c. Policy cancellation
    d. Premium determination cancellation by insurance carrier
    e. Premium determination dash cancellation by insured
    f. Short rate penalty
    g. Policy originally written for 1 year period
    h. Quiz: 10 Questions