Workers Compensation Insurance Archives - Metropolitan Risk Advisory

Smart vs. Wise: Reducing Workers' Compensation Costs

There is a distinct difference between being "smart" and being "wise" in business. A smart executive is efficient. They know the market rates. They know how to negotiate a contract. When insurance renewal season comes around, the…

What A High Experience Mod Means and How It Can Affect You

Claims Management, Construction Practice Group Content, Food & Beverage Practice Group Content, General Liability Insurance, Human Services Practice Group Content, Line of Insurance, Risk Management, Transportation Practice Group Content, Workers Compensation Insurance, Workers Compensation Premium Audits

Your Experience Modification Rate (EMR) is still elevated—perhaps higher than last year. Re-marketing your insurance buys time, not relief. Because EMR adjusts workers’ comp pricing according to loss performance, the only durable fix is…

NOI risk for New York Residential properties

The 3 Factors Hurting N.O.I For New York Residential Properties

Claims Management, New York, Real Estate Practice Group, Risk Management, Workers Compensation Insurance

It’s a frustratingly familiar scenario for New York property owners. You’ve optimized your rent roll, managed vacancies, and kept a tight grip on operating expenses. By all accounts, your Net Operating Income (NOI) should be stable…

Workers' Comp Audit Risk from 1099 Contractors: NY Residential Property Owners

Commercial Property, Real Estate Practice Group, Vendor Sub Contractor Qualification, Workers Compensation Insurance

For most New York residential owners and operators, independent contractors are just part of doing business. Masonry, roofing, plumbing, unit turns—there’s always another project, another 1099, another COI to track. The problem is that…

How a High EMR Impacts Construction: 5 Key Effects

Claims Management, Construction Practice Group Content, Workers Compensation Insurance

A high Experience Modification Rate (EMR or Mod) doesn’t just raise your workers’ comp premiums—it can quietly drain profitability across your entire construction business. EMR is a number insurers use to adjust your workers’ comp…

Mental Health & Workers’ Comp: What Owners Should Do

Claims Management, Other, Workers Compensation Insurance

The Issue at Hand Workplace injuries rarely end with stitches and physical therapy. Many events leave psychological trauma that disrupts care and delays return to work. Symptoms include acute stress, anxiety, depression, or…

OSHA recordable incidents and workplace safety compliance

OSHA Recordable Incidents: When to Record an Injury

Construction Practice Group Content, Home Healthcare Practice, Human Services Practice Group Content, Non-Profit Group Content, OSHA, Risk Management, Workers Compensation Insurance

The Challenge Workplace injuries are an inevitable part of running a business—some minor, others more serious. Regardless of severity, employers must know which incidents are considered OSHA recordable incidents or not. While the rules…

Do You Have Workers That Are Frequent Claim Filers?

Claims Management, Workers Compensation Insurance

While the vast majority of workers comp claims are legitimate accidents from honest, hard-working employees eager to overcome their injury and get back to work. However, every so often an employee with ulterior, personal motives decides to beat…

Workers Compensation Insurance for Leased Workers

Construction Practice Group Content, HR Challenges, Transportation Practice Group Content, Workers Compensation Insurance, Workers Compensation Premium Audits

Many companies are increasingly turning to staffing agencies where they lease employees to meet their needs for a variety of reasons, including increased workloads and high employee turnover rates. Companies that use staffing agencies can save…