Whether you’re just starting your company or you’ve been in business for some time, striking a good balance between coverage and cost when it comes to business insurance is essential. This is also a source of great frustration for many business owners, as it’s often quite difficult to determine what types of coverage you need…
If you’re still wondering whether or not the November 2016 Republican sweep will impact workers’ comp, you might want to chew on this – there’s huge uncertainty. This is what we know for now: If President Donald Trump keeps his campaign promise, there’s a likelihood of increased medical expense and higher claims frequency. The Department of Labor…
While the vast majority of workers’ compensation claims are legitimate, fraudulent claims create a serious problem for both employers and insurers. Fortunately, there are several things you can do to help prevent outright fraudulent claims, as well as malingering claims that stay open longer than necessary. Hiring Practices – Eliminating fraud starts during the hiring process.…
Now that Super Bowl is over, and we’ve had time recoil from a big upset (or not depending on who you rooting for) you might feel a certain dizzying effect left over if you were hosting. I attended a party with quite a few boisterous guests, filled with emotionally charged opinions and alcohol. And, there…
While a workers’ compensation insurance policy is a necessity for just about any business, the costs associated with it can become a major burden very quickly. One reason for this is the leakage that can occur on each individual claim, driving up their cost, and subsequently the cost of your premiums. Fortunately, there are things you can…
When it comes to California and its trailblazing politics, not many other states in the nation can hold a candle. As a result of Proposition 64, voters approved legalizing recreational use of marijuana and it has reverberated throughout the state causing some headaches for the California Workers’ Compensation system. How will the legalization of weed…
Getting an injured employee back to work quickly is better for the employee, and it’s also beneficial for your business in several ways. These include eliminating losses related to reduced productivity, as well as those associated with hiring and training replacements, and it can also help you keep you workers compensation costs from going up.…
Regardless of the industry you operate in, you almost certainly need to have workers’ compensation insurance coverage if you run a business of any size. While some states exempt very small businesses from this requirement, that does not remove your liability to pay if an employee or contractor is injured on the job. The cost of workers’…
If you operate a business in California, you likely carry workers’ compensation insurance. There are plenty of private insurers that provide this type of coverage, but there is another option as well. Whether you’ve had difficulty finding coverage through private carriers or you simply aren’t satisfied with your current plan, the State Compensation Insurance Fund…
Business insurance is something every company needs in some form, but the costs associated with it can become overwhelming at times. Depending on the type of policies you have, there are various steps you can take to try and keep costs down. One of these, of course, is to switch carriers, as different companies often…