Workers comp refers to workers compensation, a part of business finances when a worker claims they were injured during work and would like to be reimbursed for medical treatment and procedures, as well as lost time of work.

Posts

Workers Compensation Market Update 2012

As 2012 comes running around the bend heading into the final quarter it’s not too early to begin to look at how the 2013 workers compensation market might look. Referencing the National Council of Compensation Insurers (NCCI), the 2011 preliminary…

Why NY DFS Denial For NY Workers Compensation Rate Increase Will Cost NY Policyholders More

Several months back we were one of the first to publish the announcement that NY workers compensation rates were increasing by an average of 11.5% effective October 1st, 2012. In a memo announced on July 23rd the Department of Financial…

Employee Errors which Could Lead to Workers’ Comp Claims

Do you need New York workers compensation insurance? It is typically required by law for all businesses with employees to carry this coverage. Even if you are excluded from this regulation however, you should still consider investing in insurance.…

NY Workers Compensation Rates Rising 11.5% as of October 2012

On Thursday May 17th, 2012 the NY Workers Compensation Rating Board announced in RC Bulletin 2302 that effective October 1st, 2012 the NYCIRB proposes an increase in the "average" loss cost rating of 11.5%. We love it when they throw in…

New York Workers’ Compensation Insurance

Small business owners with just a few employees naturally hope they’ll never have to deal with a workplace injury, yet in some cases their risk may be higher, particularly if they have few safety procedures in place in their small enterprise.…

Is Your Hired House Helper Covered By New York Workers Compensation Insurance?

It’s good to have a local insurance agent when you have questions regarding liability insurance. New York workers compensation insurance, for instance, may or may not be needed depending on your specific situation. There may also be the option…

Preparing for Workers’ Compensation Audits

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Are you organized for your workers compensation audits and do you know what they’re all about? It’s no secret that the word ‘audit’ tends to scare people, but as long as you have all the paperwork relating to whatever…

Being Prepared for Workers Compensation Audits

The idea of audits of any kind may strike fear into business owners but this needn’t be the case. As long as you maintain accurate records and have the required information to hand, you shouldn’t experience any major difficulties. In this…

Workers Compensation Rates Heading Higher; AGAIN!!

Standard & Poor's the rating Agency that got so much so wrong during the financial meltdown may have gotten this one right, unfortunately. In their report just issued entitled "For The US Prop/Casualty Industry, Making Workers Compensation…