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NY State Takes Huge Increase On NY State Workers Compensation Loss Costs

A Brief Note About Loss Costs: Several years back New York State went to a loss cost rating mechanism. Essentially this means that The N.Y. State Workers Compensation Rating Board sets what they deem as the appropriate "Base Loss Cost Rate"…
Risk Management is the Road Less Traveled By

Risk Management : The Road Less Traveled

It’s a fact that companies who stop simply purchasing insurance and begin to manage risk achieve higher profits and greater market share as they improve their competitive position in their native markets. The question is what would you…
two die roll sixes

Safety Management by Luck

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When it comes to safety, organizations traditionally adjust their seriousness of response (and their tracking) based on the severity of the incident. The following diagram shows such an organization. The arrows are drawn based on the…
college football quarterback

If A Football Team Was Run Like Most Safety Programs

Football as a Business After watching the Super Bowl this past weekend, I started to think, “What if a football team was run like a business?” The offensive team would be the production department, always pushing for the goal before…

The One App That Could Lower Your Insurance Costs By 30 Percent

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Mobile App Insurance If you are still using paper forms to report claims, you are on the losing end of the cost battle. Every company struggles with lowering their costs. The winners understand that lower costs equal greater market share or…
OSHA Requires Jobsite Postings of Form 300A By February 1

OSHA 300A Must Be Posted From Feb. 1st - April 30th

Remember to complete and post OSHA Form 300A, which lists a summary of the total number of job-related injuries and illnesses that occurred during 2015. The form must be posted from February 1st to April 30th, 2016. Fines for not doing so…
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Top Blog Articles for 2015

Based on our analytics, these were the top read Blog Articles of 2015. We put a lot of time and thought into these. We are happy to see the dividends of our efforts. Every year business becomes more and more competitive which is why we must…
Department of financial services

Follow-Up: NY State OKs Naming Entities as Additional Insureds Where Status is Blanket

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On December 18th, The New York State Department of Financial Services told the IIABNY that, where a liability insurance policy contains an automatic or blanket additional insured endorsement, certificates of insurance can name specific additional…
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Owing Money to the New York State Insurance Fund

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We wrote this article to help folks understand what their options are when they want to return to the New York State Insurance Fund, usually because the private marketplace won’t provide coverage due to class of business or poor loss history.…