Entries by Michael Stoop

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The True Cost of Your HR Practices

  Employees are the principal foundation of all companies. It is important to realize that there are many different types of employees and the ones you choose to hire will significantly impact how well your business is run. In other words, hiring motivated and well-rounded individuals will reduce expenses, and hiring incompetent ones will cost […]

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What Does It Mean to Be a Competent Person According to OSHA?

What does it mean to be a competent person according to OSHA? Are your workers competent? The general idea of competency is defined as having the required ability, skill and knowledge to do something. There are countless employers who state they have competent employees or are competent themselves. Yet, the term ‘competent’ may not equate […]

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Paying Employees on Workers Compensation

Did you know, depending on your company structure, you can pay your employees their regular wages in lieu of workers compensation? If an employee is accidentally injured during their employment, a claim is reported to the workers compensation insurance carrier. The carrier initiates lost wage payments to the employee once the claim becomes accepted until […]

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OSHA Reporting Guide for 2018

REMINDER ; it’s that time of year again. Certain companies by virtue of their size and or their industries are required to post a summary of their injuries at their worksite between February 1st and April 30th. No worries; that’s why we built our OSHA REPORTING GUIDE FOR 2018. The form to be used is OSHA […]

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The Importance of a Work Site Accident Witness

The Importance of Worksite Accident Witnesses Finding a witness to a worksite accident resulting in injury or property harm is of the utmost importance to contractors. A worksite accident witness is an integral component for the defense. They can discern the chain of events such as where the worker was and what they were doing […]

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What Are Micro Captives & How Can Your Business Utilize Them?

Let’s start from square one.  Captives, unlike insurance companies, are risk financing structures that do not pool risk between thousands of companies in exchange for a premium.  They are expressly built to act just like and replace insurance companies by efficiently managing claims and paying losses from a special captive account themselves.  The reason very […]