Workers’ Compensation Issues and Costs – My Process to Fix Them

Workers’ Compensation Issues and Costs – My Process to Fix Them Hey, thanks for clicking on this post regarding workers’ compensation issues and costs. This is geared to mid-sized firms that are seeing their workers’ comp costs rise. You may be wondering why are my costs going up, and what can I do about it. … Read More

The Definitive Workers Comp Audit Guide

The Definitive Workers Comp Audit Guide 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 worker’s comp audit process and how to be compliant.     At the beginning of the policy … Read More

What Does Workers Comp Cover?

What is Workers’ Compensation?   And, what does workers comp cover?   Workers compensation, or workman’s compensation or workers comp, protects a business from claims which arise from employees who are injured in on-the-job accidents or become ill from work-related causes.  There are four major headings or categories of what workers comp covers:  Medical Expenses  Workers comp … Read More

Workers Comp Communication Plans

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 Mod – Part 3

How to Reduce Your Workers Comp Mod – Part 3, Payroll as a function of the mod calculation So we’ve discussed in the past couple of posts how to reduce your workers comp mod that the only two variables in your mod are payroll and claims.  We’ve discussed claims and in another post, we’ll talk … Read More

What is the New York State Insurance Fund or NYSIF?

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

5 Problems with Worker’s Compensation in New York

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

Insurance Mapping

Everything you need to know about Workers Comp Rates in New York

Okay, that’s a pretty broad headline, so I’m going to break down some of the major elements of how workers’ compensation rates work in New York so you have a better idea of how it works and what’s critically important for you to know when making a decision on buying insurance. I’m not sure I’ll … Read More

5 Things you Should Know about Workers Comp in NY

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

business owners

Does Your Business Need Workers Comp in NY?

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