Question

can you explain the dual effect of amount claimed to workers compensation reserve on p/l a/c and balance sheet?
and also dual effect of amount remained after paying off such claim?

Answer 1

Answer:

Once an injured employee's workers comp claim is paid, the employer's most important role begins. ... First, it reduces the company's future increases in workers' comp or disability insurance since such policies pay out large claims for lost wagesOnce an injured employee's workers comp claim is paid, the employer's most important role begins. ... First, it reduces the company's future increases in workers' comp or disability insurance since such policies pay out large claims .

Explanation:

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