Workers Compensation Carriers Are Misclassifying Employees of On-Line Retailers and Wholesalers
Workers Compensation Insurance, Workers Compensation Premium AuditsWorkers Compensation Carriers Are Misclassifying Employees Of On-Line Retailers and Wholesalers
One area we see a lot of errors is the proper classification of employees of On Line Retailers and On Line Wholesalers during a workers compensation…
Why NY Construction Insurance May Be Toxic To Your Profits
Claims Management, Construction Practice Group Content, General Liability Insurance, Workers Compensation InsuranceWhy NY Construction Insurance May Be Toxic To Your Profits
I was having a beer with a friend of mine at a golf outing recently. He’s an accountant in the construction practice group at a major accounting firm. I told him the story about a…
How To Obtain The NY Workers Compensation Safe Patient Handling Credit
Human Services Practice Group Content, Workers Compensation InsuranceRegulation 119 issued from the Department of Financial Services stipulates that companies who develop, implement, and maintain safe patient handling programs may receive up to a 2.5% NY workers compensation safe patient handling credit .
During…
Why The Commercial Insurance Marketplace Fails Your Business
Claims Management, Construction Practice Group Content, Food & Beverage Practice Group Content, General Liability Insurance, Human Services Practice Group Content, Risk Management, Transportation Practice Group Content, Workers Compensation InsuranceSimply put, the insurance claims goals between most commercial insurance buyers and the carrier / brokers heretofore named the insurance marketplace are misaligned.
The goal of a savvy insurance buyer is to transfer as much risk to the…
Workers Compensation Audits and Independent Contractors
Construction Practice Group Content, Workers Compensation Insurance, Workers Compensation Premium AuditsWorkers Compensation Audits and Independent Contractors
One of life’s many non productive responsibilities is managing your annual workers compensation audits and Independent Contractors. Whats worse is pulling together all that information…
NY State Takes Huge Increase On NY State Workers Compensation Loss Costs
Workers Compensation InsuranceA 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"…
Follow-Up: NY State OKs Naming Entities as Additional Insureds Where Status is Blanket
Construction Practice Group Content, General Liability InsuranceOn 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…
Owing Money to the New York State Insurance Fund
Workers Compensation Insurance, Workers Compensation Premium AuditsWe 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.…
Late Reporting of Employee Injuries will Lead to NY Workers Comp Board Fines
Claims Management, HR Challenges, Workers Compensation InsuranceAt Metropolitan Risk, our best practice clients understand the critical importance of getting employee injuries into the workers compensation system. Each injury that goes undetected or unreported costs the employer up to 39% more for the same…