Entries by Michael Stoop

Hiring an Illegal Immigrant Can Be Costly

Businesses Face the Ramifications of Supreme Court’s Ruling The Supreme Court on Thursday voted to uphold an Arizona law that can put employers who hire illegal immigrants in trouble. According to Chief Justice John Roberts, “Congress preserved the ability of the states to impose their own sanctions through licensing.” Some states are beginning to require […]

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What Are Workers Compensation Insurance Loss Cost & How Do They Impact Your Insurance Premium

I get this question a lot, “What are workers’ compensation insurance loss costs and how do they affect my business?” The first response from my slack jaw is really, you want to know about this stuff? Of course, the smart C.F.O.’s, Executive Directors, and owners of small businesses realize that it’s little details like this […]

New OSHA Tool Takes Guess Work Out of Recordable Injuries

The Occupational Safety and Health Administration unveiled a new web tool to help users determine whether injuries and illnesses are work-related and recordable under OSHA regulations. For point of reference it’s a legal requirement & a business imperative to properly maintain proper OSHA Logs that record employer related injuries. The fines and investigative hardships your […]

Top 10 Slip and Fall Hazards According to the NIOSH

Slips trips and falls can happen anytime and anywhere. They are particularly present in hospitals, nursing homes and assisted living facilities as the U.S Bureau of Labor Statistics reported that in 2009 the rate of healthcare lost-workday injuries resulting from slips and falls was 38.2 per 10,000 employees. This was 90% more than the average […]

NY Business Insurance? Yes- You Need It!

So you have graduated with a business degree—now what? There are many options in the world of business.  You could work for an accounting firm, or maybe even a marketing firm. You could also decide to be your own boss and open your own sort of business. Do you have a vision? Many great entrepreneurs […]

Funding Resources for Entrepreneurs

  bcfcapital.com This NY based non profit helps minority owned companies that are not able to receive money from the usual sources. The Business Consortium Fund reduces the lenders risk which increases the amount of acceptable loans which lenders may typically deny. Businesses tyring to participate have to be certified by the NMSDC. This organization […]

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OSHA Violations Just The Tip of the Iceberg

Interfaith Medical Center Cited for Safety and Health Hazards; $48,000 in Fines Proposed The U.S. Department of Labor’s Occupational Safety and Health Administration recently cited Interfaith Medical Center, in Brooklyn, for 14 violations of health and safety standards. The hospital could face $48,000 in fines. Here’s a quick back of the napkin analysis of all […]

Don’t Be This Company

The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Sing Da Corp., H Rock Corp. and Vera Construction Inc. for various violations of workplace safety. This comes after the investigation of a January fatality that occurred on a construction site in Elmhurst, NY. Employees there were filling a two story high by […]