Workers compensation insurance, which is mandated in most states when you have employees, is based or rated on your company’s payroll and is an auditable policy. In this post, we discuss the workers comp audit process and how to be compliant. At the beginning of the policy period the payrolls you estimate to be true … Read More
In my last video, I introduced this multi-part video series focused on the common errors, mistakes, and failures I have documented in the coverage programs we have reviewed in the past for prospective clients. Last time we discussed missing named insureds and today we’re going to talk about missing locations. Having all your locations properly … 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
There’s a lot of things to know about workers compensation insurance in New York, it’s a big state with a lot of businesses large and small across a diverse landscape, but we’ve picked out 5 THINGS YOU SHOULD KNOW ABOUT WORKERS COMP IN NY, with a special focus on Downstate NY. #1. You can purchase … Read More
Does your business need workers compensation insurance? This is a fairly simple question to answer. Just about every business with employees is required by law to have workers comp insurance in New York. There are exceptions to this rule: 1. If the business is owned by one individual who is the only employee of the … 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
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