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

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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…

Understanding the Difference Between Cost of Risk & Cost of Risk Financing: An Untapped Competitive Advantage

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If you are like most small to mid-sized organizations (under $1 billion in sales) then you should be prepared to define these two terms and understand their consequences for your business. Risk Financing is a fancy term for insurance. Think…

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…

Overtime Pay: The Exposure You May Overlook

As a business owner the responsibility of providing a safe, positive, and comfortable work environment falls on your shoulders. The unfortunate reality is that these responsibilities are not always upheld or maintained. To help protect businesses…

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…
flood policy

New Flood Policy Surcharge Effective Today!

Be Prepared for an Increase… FEMA has scheduled a number of changes to occur on April 1st, 2015 that will impact the overall cost of many flood policies.  The one that stands out most to us is a new surcharge which will be implemented across…

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…

The Disconnect Between Year End Planning & Execution

I recently read a post by one of my favorite bloggers Seth Godin about planning & execution. The guy isn’t just prolific, he is usually spot on. In one of his recent posts he talked about the millions of hours companies all across the…

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…