correct path and incorrect path

Workers Compensation Carriers Are Misclassifying Employees of On-Line Retailers and Wholesalers

,
Workers 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…
toxic stamp red

Why NY Construction Insurance May Be Toxic To Your Profits

, , ,
Why 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…
holding a heart in your hands

How To Obtain The NY Workers Compensation Safe Patient Handling Credit

,
Regulation 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…
train-tracks divide

Why The Commercial Insurance Marketplace Fails Your Business

, , , , , , ,
Simply 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…
woman thinking out loud

Workers Compensation Audits and Independent Contractors

, ,
Workers 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…
question mark and explanation point

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"…
Department of financial services

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

,
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…
crumpled paper on notepad

Owing Money to the New York State Insurance Fund

,
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.…

Late Reporting of Employee Injuries will Lead to NY Workers Comp Board Fines

, ,
At 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…