The new Transportation Industry Fair Play Act, effective April 10, 2014, determines whether a driver of commercial vehicles is considered an employee for the company they are servicing or an independent contractor. The cost ramifications of this new law can be quite substantial for companies that hire out 3rd party truckers or transport folks […]
Effective for workers compensation policies that begin on or after July 1st, 2014 for those companies that perform construction work in N.Y. the New York Construction Payroll Limitation cap will be $1,212.98. For those who need a re-fresher; beginning in 1999 the NY Legislator passed a law that essentially caps the amount of construction payroll […]
On May 2nd the N.Y. Supreme Court issued an important statement relating to the assessments issued to many New York based businesses who are on bended knee trying to pay the significant charges being accrued from their participation in New York’s Self Insured Trusts. In a significant ruling, “Riccelli Enterprises Inc., et al., versus the […]
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The other day I sat back in my chair and thought about a decision process that we went through when evaluating the purchase of a certain software package. I thought about how many other business owners are faced with that exact same algorithm as they evaluate both purchases and opportunities wondering aloud how many folks […]
Is your business struggling with a high experience mod? Want to lower your workers’ comp costs while decreasing your risk exposure? We’ve put together a short and sweet guide to lowering your workers’ comp experience mod & costs as a result. Click the link below to access it: Free e-book P.S: If you don’t know […]
Employers must begin using the new I-9 by May 7, 2013! Key revisions to the I-9 include additional data fields, more detailed instructions, and edits to the layout of the form which is now two pages. The requirement to use the updated I-9 provides employers with an opportunity to review their practices for completing and […]
The goal of our Non Profit of the Month program is to further awareness, promote, and fundraise to support some very worthy missions. After a successful initial launch with the Cystic Fibrosis Foundation, raising over $250 in September, Met Risk is bringing back the Non Profit of the Month program. This month, we have selected […]
Governor Cuomo announced last week that his administration plans to introduce new legislation to continue to improve the workers’ compensation system and to attempt to provide relief to thousands of businesses. Cuomo’s goal is to provide the following with this reform: Savings to New York State’s employers Elimination of unnecessary friction in the system Resolving […]