What does it mean to be a competent person according to OSHA? Are your workers competent? The general idea of competency is defined as having the required ability, skill and knowledge to do something. There are countless employers who state they have competent employees or are competent themselves. Yet, the term ‘competent’ may not equate […]
Did you know, depending on your company structure, you can pay your employees their regular wages in lieu of workers compensation? If an employee is accidentally injured during their employment, a claim is reported to the workers compensation insurance carrier. The carrier initiates lost wage payments to the employee once the claim becomes accepted until […]
I read somewhere that a smart person learns from their mistakes while a wise person learns from the mistakes of others. In the spirit of this musing I offer up a recent experience of an electrical subcontracting firm, a large CCIP (Contractor Controlled Insurance Program) and their respective insurance companies; shared to me by a […]
REMINDER ; it’s that time of year again. Certain companies by virtue of their size and or their industries are required to post a summary of their injuries at their worksite between February 1st and April 30th. No worries; that’s why we built our OSHA REPORTING GUIDE FOR 2018. The form to be used is OSHA […]
The Importance of Worksite Accident Witnesses Finding a witness to a worksite accident resulting in injury or property harm is of the utmost importance to contractors. A worksite accident witness is an integral component for the defense. They can discern the chain of events such as where the worker was and what they were doing […]
Let’s start from square one. Captives, unlike insurance companies, are risk financing structures that do not pool risk between thousands of companies in exchange for a premium. They are expressly built to act just like and replace insurance companies by efficiently managing claims and paying losses from a special captive account themselves. The reason very […]
Workers Compensation Carriers Are Misclassifying Employees Of On-Line Retailers and Wholesalers One area we see a lot of errors is the proper classification of employees of On Line Retailers and On Line Wholesalers during a workers compensation audit from insurance carriers like the New York State Insurance Fund. Within these businesses most have no retail […]
Why NY Construction Insurance May Be Toxic To Your Profits I was having a beer with a friend of mine at a golf outing recently. He’s an accountant in the construction practice group at a major accounting firm. I told him the story about a construction company I met with recently that was underpricing their […]
Regulation 119 issued from the Department of Financial Services stipulates that companies who develop, implement, and maintain safe patient handling programs may receive up to a 2.5% NY workers compensation safe patient handling credit . During the 2014 NY State Budget there were rules that requires health care facilities to establish safe patient handling programs […]