Working on a Wrap Project: You're Not As Protected As You Think

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I work with high risk businesses every day, and sometimes, when I think I’ve seen it all, something new comes around to surprise me. Many large construction projects will use a “Wrap” or an “OCIP/CCIP” (For more info on what this…

Important Updates to Your Experience Mod

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The NCCI (National Council on Compensation Insurance), is a group that calculates Experience Modification Factors for companies across the entire United States. Some states have their own rating bureaus due to their size and complexity. For…

The “Perfect Storm” Liability Exposure for Owners/Developers & Contractors

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There is a contractual issue and an insurance issue which, together, combine to create a “perfect storm” liability exposure for Owners/Developers and Contractors. The exposure begins with the contracts you sign.  Most state the contractor’s…

Essential Keys to Transform Your Goals into Achievements

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Do you ever wonder how successful people consistently achieve their goals? Have you unlocked why you achieve certain goals while others fall short? Do you want to transform goals to achievements? Many companies start the new year with new…

December 14 News From Around the Marketplace

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Injured Construction Worker in Queens Gets Record $62 Million Single-Plaintiff Award - N.Y. Post A construction worker who was injured on the job has been awarded $62 million — the largest lawsuit verdict for a single plaintiff in Queens. The…

How These Companies Experience 48% Less Safety Incidents

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I had the opportunity to listen to Tony Robbins speak for the first time this past month. He spoke for nearly 3 hours about the power of “engagement” and how it can help you gain a competitive edge in both your business and personal…
Multi State Exposure

Does it Make Sense to Pay Injured Employees Twice or Even Three Times?

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Unfortunately this is a question facing both interstate and intrastate trucking companies whose home office is in state “A” but they operate in states B,C,D,E. etc… These companies face what is called Multi-State Exposure. This occurs…
total cost of risk

The Two Biggest Mistakes Businesses Make When Purchasing Insurance – Part I

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Whether you are a business owner, CFO, or the lead operational muckety-muck, you get a pit in your stomach when it’s time to renew your company’s insurance program—a common theme we have heard in 20-plus years consulting with businesses…
The NY Construction Payroll Limitation is designed to help reduce your WC costs.

Workers Comp Class Codes: Proper Use

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One of the fundamental components of workers’ comp insurance pricing is the process of classifying different workplace exposures into a system of codes. Each workers comp code has an individual rate dependent on the risk of that exposure.…