Workers’ Compensation Insurance: Compliance and Costs Workers’ Compensation insurance pays benefits to workers injured on the job, including medical care, part of lost wages, and permanent disability. It also provides death benefits to dependents of employees killed from a work-related accident. Workers’ Compensation insurance systems are different in every state, as individual statutes and court decisions have shaped the way … Read More
Workers’ Compensation Insurance: An Overview
Workers’ Compensation Insurance: An Overview Workers’ Compensation coverage pays benefits to workers injured on the job, including medical care, part of lost wages, and permanent disability. It also provides death benefits to dependents of employees killed from a work-related accident. Workers’ Compensation systems are different in every state, as individual statutes and court decisions have shaped the way they handle … Read More
Commercial Goods Transportation Law In Effect
Commercial Goods Transportation Law In Effect The NYS Workers’ Comp Board issued a bulletin on 4/4/14 advising employers that attempts to describe delivery drivers as “independent contractors” will be subject to the NYS Commercial Goods Transportation Industry Fair Play Act. To be considered an independent contractor, these drivers must meet all three of the following criteria: the person is free … Read More
Creating a Workers’ Compensation Process
Creating a Workers’ Compensation Process For the unprepared, Workers’ Compensation issues can be both confusing and costly. Fortunately for employers, there are ways to actively engage Workers’ Compensation issues to influence their outcomes. Through management controls and active involvement in the Workers’ Compensation process, your organization can effectively influence related costs. To do so, you will have to establish a … Read More
NYS Workers’ Comp System is Improving
NYS Workers’ Comp System is Improving NYS Workers’ Comp has seen a lot of hardship in the last few years. According to independent research, the NYS Workers’ Comp system is not only slow to pay injured workers, but produces poor medical outcomes. This means injured workers have bigger issues receiving the benefits they are guaranteed and employers see higher costs. … Read More
Workers’ Comp Audit Dispute
Workers’ Comp Audit Dispute Since an audit is an unavoidable aspect of having a Workers’ Comp policy, it is important to understand the process as well as the options you have if you feel the Workers’ Comp audit is not correct. Disputing a Workers’ Comp audit is necessary at times for a number of reasons. The most common are listed … Read More
Workers’ Comp Quote: Understanding the Components
Workers’ Comp Quote: Understanding the Components Workers’ Comp Quote: Components At Enforce Coverage, we can help you obtain a Workers’ Comp quote from an A-Rated carrier. Once you receive a quote, we will assist you in understanding the components, as well as guide you through the process of choosing the best option for your WC coverage. A Workers’ Comp quote … Read More
Preparing for a Workers’ Comp Audit
Preparing for a Workers’ Comp Audit Workers’ Comp audits are unavoidable. When you obtain a Workers’ Comp policy, the premium is determined using your estimated annual payrolls and classification codes based on your operations. At the end of your policy period, an audit is completed to determine your actual premium. This may result in either an additional premium due, or … Read More
Workers’ Comp Quote: We Can Help
Workers’ Comp Quote: We Can Help Nearly all companies in New York State with paid employees are required to have Workers’ Comp insurance. At Enforce Coverage Group, we specialize in helping employers with their Workers’ Comp needs. We begin by finding you the most competitive Workers’ Comp quote by approaching a variety of carriers who offer Workers’ Comp policies. Not … Read More
NYS Assessment Changes: Updates
NYS Assessment Changes: Updates NYS Assessment Rate Released On October 23, 2013, the NYS Workers’ Compensation Board released a bulletin regarding the NYS Assessment Changes effective January 1, 2014. The bulletin advised that the NYS Assessment rate will be 13.8% of the standard premium or premium equivalent for self-insured employers. This rate is a result of the Business Relief Act, a part … Read More
NYS Assessment Changes with 2013-2014 Business Relief Act
NYS Assessment Changes with 2013-2014 Business Relief Act As part of the 2013-2014 NYS Budget, Governor Cuomo signed the Business Relief Act into law. The Business Relief Act brings changes to the NYS Workers’ Compensation system. These changes are aimed at saving employers nearly $800 million. NYS Assessment Changes: What Does it Mean? The most notable change taking place as … Read More
NYC Workers Comp Rate Changes for 2014- NYS ASSESsMENT
NYC Workers Comp Rate Changes for 2014-NYS ASSESSMENT A 9.5% NYC Workers Comp Rate increase has been approved by the New York State Department of Financial Services effective 10/1/2013. As mentioned in our previous posts this is an average. Some classes will be lowered and many will be increased. The biggest change effecting the Workers Comp Market is that they … Read More