Our Claims Advocacy Team got to sit down with a workers’ compensation claims professional who specializes in high exposure claims. They discussed a high exposure claim that wasn’t reported timely to the carrier after the incident occurred. Please Note: This article has been edited for clarification and to protect the identities of those involved … Continue reading A Fireside Chat with A Claims Adjuster
New York State’s Paid Sick Leave policies were introduced on April 3, 2020, and went into effect on Sept. 30, 2020. On January 1, 2021, employees may start using their accrued leave. The number of sick leave hours required is based on the number of employees that work within your organization: 0-4 Employees: If your … Continue reading New York State’s Updated Sick Leave Law
The New York Workers’ Compensation Insurance Rating Board (NYCIRB) has released a new class code for ‘Telecommuter Reassigned Employees’. If you are a business owner you might be wondering how do I adjust my workers’ compensation rates for employees that we kept on the payroll, but did not actually perform their duties? It doesn’t make … Continue reading How Workers’ Compensation Class Code #8873 “Telecommuter Reassigned Employees” Can Help You Save Money On Your Insurance Premium
The New York workers’ compensation insurance law requires the majority of employers to have appropriate workers comp insurance coverage in place. However, there are three key exemptions. Sole Ownership If you run your business alone and don’t have any employees, you may not need to have workers’ compensation coverage. You should note, however, that in … Continue reading Who Is Exempt From Workers Compensation Coverage?
You’ve just seen your Experience Modification Rating (EMR) and it is high again. Or your worst-case scenario, it has gone up again. Year over year, you’ve spent time shopping for your insurance due to your high EMR. It is time to stop shopping and start proactively working to lowering your EMR because eventually, it will … Continue reading What A High Experience Mod Means and How It Can Affect You
When deciding on acquiring a contractor for a job, it is almost never a smooth, easy process. A contractor or specialized worker is sometimes necessary last minute. For that reason, it’s helpful to develop a plan for screening contractors and determining which one is best. There are a few key steps to take in order to … Continue reading How to Acquire the Best Contractors Using an Approval Plan
Commercial Insurance is one of those things that every company has but not every company understands. In some cases, a person is chosen to be put in charge of the insurance buying process and this person is usually an HR person who has a very little understanding of what goes into the insurance buying process. … Continue reading Commercial Insurance 101: An Introduction to Insurance
Do you have questions on the Guarantee Insurance Company Liquidation? On November 27, 2017, Guarantee Insurance Company ordered into liquidation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services is the court-appointed Receiver of the company. The Florida Receiver began working to transition claim files and claim data … Continue reading Questions On The Guarantee Insurance Company Liquidation?
With insurance mistakes can be hidden for years until a claim arises. Then the error becomes obvious and expensive. One error we see often is when single owner or dual owned businesses voluntarily elect to trigger the executive officer exclusion on their workers comp insurance. Most states require employers to purchase a workers compensation insurance … Continue reading Should You Excercise The Executive Officer Exclusion On Workers Comp Insurance
