How Will the New Minimum Wage Impact Workers’ Compensation
Posted: May 9, 2016
Many states and cities are enacting new minimum wage laws, and all will feel the impact. Not only will the cost of goods go up, but also every business will see an increase in workers’ compensation costs. Those business with a high minimum wage work force will see an even higher premium increase. In California for example, the wage increase affects 43% of the state’s...
The New Economy Creates New Risks For Businesses
Posted: November 12, 2015
Workers’ Compensation Must Respond To The New Economy Every business has faced issues related to the new economy. The new economy involves how work gets done in today’s millennial environment. Your workers’ compensation and business insurance programs must be designed and respond to these new risks. Now would be a good time to have your business insurance program reviewed to make sure that you have...
How Workers’ Compensation Is Designed To Work
Posted: July 14, 2015
Workers’ Compensation Insurance Workplace accidents occur every day in. Even if your business has an excellent safety program, people get injured. Many times people who are injured at work need time to recover. Thankfully, there is workers’ compensation insurance to cover the medical and time loss costs. If an employee is injured on the job, employers are legally liable to the employee. Workers’ compensation will...
How to Set Up a Safety Program
Posted: July 9, 2014
Developing a company wide safety program can be one of the best things you will do for your business. There are many benefits to your business including an engaged workforce, lower workers compensation costs, and reduced workplace injuries. Here is a simple overview of how to get a safety program started. STEP ONE- Make sure all managers and owners are one hundred percent behind establishing...
Why Corporate Officers should be included on Workers’ Compensation Policies
Posted: June 19, 2014
Workers’ Compensation Insurance Almost every business needs, and is required to have, workers’ compensation insurance. Most states (with a few important exceptions) essentially require employers to purchase a workers’ compensation insurance policy to handle their statutory obligations to workers who are injured or made ill due to a workplace exposure. While owners and corporate offers can exclude themselves from coverage, there are benefits and reasons...