Are you organized for your workers compensation audits and do you know what they’re all about? It’s no secret that the word ‘audit’ tends to scare people, but as long as you have all the paperwork relating to whatever is being audited, you should be fine. There are some things about a workers’ comp audit […]
Making sure you minimize the potential for financial losses in your business means being on top of all aspects of risk management NY. The key is strategic planning, right across the business, so that you can monitor risk factors and make ongoing assessments of where you may need to take appropriate measures. Troubleshooting sessions with your […]
The idea of audits of any kind may strike fear into business owners but this needn’t be the case. As long as you maintain accurate records and have the required information to hand, you shouldn’t experience any major difficulties. In this respect, there is no real difference between the types of audit you may experience […]
Preparation is the key to good risk management. NY weather patterns are changing and the unexpected is becoming more likely. It pays to allocate time specifically to implementing strategies to minimize business losses. The events of 9/11 brought home to New Yorkers that America is no safer from terrorist activity than anywhere else in the […]
Standard & Poor’s the rating Agency that got so much so wrong during the financial meltdown may have gotten this one right, unfortunately. In their report just issued entitled “For The US Prop/Casualty Industry, Making Workers Compensation Profitable May Be Mission Impossible”; they essentially delineate all of the reasons why insurance carriers who underwrite and […]
As a business owner, you know that you may experience regular auditing – some audits you will initiate internally, to monitor your business progress. Others may be initiated by outside entities. The key to getting through an audit with the minimum amount of stress is organisation, so each time you set up something new in […]
In case you haven’t heard, the “Wage Theft Prevention Act” took effect in April 2011. This means that by February 1 (of each year) employers will have to give a written notice of wage rates to all of their employees. This is in addition to informing new employees of their wage rate at the time […]
One vital aspect of running a business is being able to understand the risks you face. Once you have a handle on that, you are in a much better place to initiate strategies for risk management. NY is a big, busy city with a large population that ranges from the very wealthy to people living […]
What exactly is an audit? The dictionary says it is a thorough examination or check – an in-depth examination of every part of a process. That applies whether you’re talking about accounting audits or workers compensation audits. You usually hear the term in relation to business. Basically, it means going over everything to do with […]