A client of mine dealt with a near hacking theft. Luckily the attempt was unsuccessful. He smartly had the conversation with his bank on what would have occurred anyway. This major bank’s shocking response? Not good. They started backpedaling. Turns out my client would have had to litigate or at the very least have a big delay in […]
Are you considering starting a home day care? Then you need to invest in a separate insurance policy. While you may have homeowners’ coverage, such policies typically do not cover losses related to commercial enterprises. Along with liability, you might want to purchase additional property insurance. Why is this so vital? Natural Disasters No matter […]
Lets get straight to the facts: business travel often causes travel-induced health problems that can eventually lead to workers’ compensation claims. You don’t want workers’ compensation claims. The following are the three biggest factors that contribute to health risks in frequent business travelers: Poor or minimal sleep Fattening and salty restaurant food Long work days […]
As 2012 comes running around the bend heading into the final quarter it’s not too early to begin to look at how the 2013 workers compensation market might look. Referencing the National Council of Compensation Insurers (NCCI), the 2011 preliminary calendar year combined ratio for workers compensation insurers is estimated to be 115 percent, the […]
Several months back we were one of the first to publish the announcement that NY workers compensation rates were increasing by an average of 11.5% effective October 1st, 2012. In a memo announced on July 23rd the Department of Financial Services (DFS) revealed that they have DISAPPROVED the NY Workers Compensation Insurance Rating Board’s rate increase […]
Many people have the goal of running their own business. For some entrepreneurs, the idea of starting a home-based enterprise is very appealing. Do you find pleasure in caring for and educating children? Then you may want to consider opening a home day care. Before taking any kids under your wing, however, you should carefully […]
We have all seen the solicitations from ADP, PayChex and the like relating to linking your workers’ compensation insurance to your payroll system. While I do not dispute the immediate benefit of such an arrangement, in most instances the cost/benefit analysis reveals that the costs are significantly higher for most businesses. Here’s a quick […]
Does your business have the proper amount of workers’ compensation? Unless you are eligible for a legal exception, all businesses in New York State are required to carry this type of insurance. It is designed to kick in after an accident on the job to cover the expenses related to necessary medical care for the […]