How are Workers Compensation Premiums Calculated? If you’re a business owner or about to become a business owner as a startup, you may be wondering how workers compensation premiums are calculated. In this article/video I’m going to give you some of the basics around workers compensation and speak specifically about New York State, although most … Read More
In this article, we discuss the importance of a workers comp communication plan which is initiated following a worker injury. I’ve witnessed it too many times. An employee gets injured on the job and they get the cold shoulder from their employer. No communications, no instructions, no empathy. And then the employer wonders why morale … Read More
How to Reduce Your Workers Comp Experience Modifier In my last post, we talked about the math portion of the reducing workers’ comp experience mod and how errors often exist which end up costing clients more premium than they should. When we perform audits on mods we often do find errors on prior policy terms … Read More
The New York State Insurance Fund is a quasi-government organization that was formed in 1914 to act as the “market of last resort” for worker’s compensation in New York. Market of last resort means that if your business couldn’t find an insurance company that would sell you workers comp coverage, you would go to the … Read More
Right now, the marketplace for worker’s compensation in New York is mostly stable and competitive but some issues do exist. Below are what we see as the Top 5 Problems with Workers Compensation in New York. #1. Healthcare Costs. As an employer, you have seen the cost of your employee benefit costs skyrocket. There are … Read More
How to choose the Best Workers Compensation Insurance in New York Hint: The lowest quote may not be your best choice, here’s why….. When you think of the best of something, especially when it comes to insurance, the first thing that comes to your mind may be the least expensive, or the cheapest. There’s no … Read More
You cannot copy content of this page
