Finding Worker’s Compensation Plans for PEOs

Employment insurance is vital not only because it protects your business financially, but also because it protects your employees, whose skills and experience you rely on. PEOs are especially aware of the value of labor, since providing it to other organizations is their business model. As such, PEO insurance for employment liability and worker’s compensation is incredibly important to the success of the business. So is making sure it stays affordable.

Meeting Additional Needs of PEOs

When you provide staff to another organization, your liability and exposure are both different from an employer who hires in-house staff exclusively. Not only are your personnel going into a wider variety of environments with different levels of risk, PEO companies carry a much higher percentage of revenue in labor than most organizations. It’s literally your stock in trade, after all. That means you need employment insurance that scales to suit the business model without costing you an arm and a leg.

There’s no easy way to figure out how much coverage you need, because too many factors play into things when you have a mobile workforce spread across dozens or even hundreds of locations. Luckily, PEO insurance also scales the risks to account for the larger pool of employees. All you need to do to get the right coverage is find an experienced professional who knows your business because they focus on working with companies like yours.

Manufacturers Insurance for Valued Protection

Manufacturing companies provide products for a lot of industries across the US and many corporations rely on getting their precious merchandise on time for an awaiting market. If you begin experiencing delays you may face the possibility of losing crucial business from major firms you do dealings with. You need to consider the impact that having a work stoppage due to an equipment breakdown issue could cause for you and your business.

When your operations become interrupted due to a mechanical issue how will you be able to deliver your orders? Without backup equipment in place and at the ready you may need to find alternate ways to fill orders, either optional facilities or the rental of equipment. This naturally will increase your costs adding even more concern, and that’s where having manufacturers insurance comes into play.

Customers likely will not wait because they have deadlines to meet as well, so there’s a real likelihood that orders may be cancelled and you’ll also suffer a loss of revenue, along with possible damage to your reputation. Having coverage for equipment breakdown is the solution to this issue.

Many types of mechanical issues can occur

Aside from equipment used in manufacturing there is probably additional equipment that keeps your business up and running. Air conditioning for hot summer months, and boiler and pressure vessels are commonly used for heat and hot water. Cookers, sterilizers and some cleaning equipment are other common types of pressure vessels.

Boiler and pressure vessel accidents can be the result of defective welding, scale or sediment build-up, or simply the failure of control or safety devices. Persons in close proximity could experience a serious injury in the event of a major malfunction adding additional concerns.

Another common exposure for many manufacturers is electrical systems, which can further add to delays. Transformers, panels and cables, many of which are interconnected cause additional risk since excessive voltage issues in any one of these components can lead to significant damage to the entire system.

If your company has the distinct possibility of an equipment failure issue you should get the protection you need by having manufacturers insurance that includes equipment breakdown coverage to keep you up and running.

Clifton Construction Insurance Options in NJ

Contractors operating in the Garden State know that new construction of office buildings, high-rises, local shopping centers and sprawling resorts within this industry must be supported by a residential construction insurance policy in New Jersey. Banks and other lenders would never take the risk of making loans for a construction project without insurance in place to protect their own interest. After all, there are general contractors along with a wide range of artisans, from landscapers and carpenters to electricians, plumbers, masons, all working on projects in order to get them completed on time and adhering to their client’s budget. This equates to a lot of possibilities that something may go wrong.

A builder’s risk policy helps to protect your interests

As a contractor, you also have a lot at stake, including your equipment, tools and any materials used in the undertaking of a construction project. There are so many risks involved in working a job site, many of which are often hazardous. Your exposures can obviously vary from one construction project to the next, and throughout each process as well. Having a builders risk policy helps to alleviate these types of concerns.

There are decisions and choices that you’ll need to make as to which available coverage options might best suit your needs, many of which need to be made before construction (or a loan) is approved. The construction lenders, as well as the developer and builder, need to do a lot of due diligence regarding all of the builders risk policies terms and conditions.

There is always the looming concern that you may experience costly construction delays, or possible increases in cost due to a covered loss under the builder’s risk policy. An example of this would be a delay in opening, which may turn out to be substantial to the client, but coverage must be added to a builders risk form in order to be covered.

Any questions or concerns that you have about some of the unwritten limitations in an all risk policy should be discussed with your broker. Speak to a qualified agent who can address your questions and concerns about Clifton construction insurance.


Crime Coverage and Yacht Builders Insurance Wholesalers

Insurance brokers understand that economic pressures can affect many different industries, and among them are their clients in the boat and yacht building industries. Trusted employees having a difficult time keeping up with bills and other personal expenses may become prone to committing dishonest acts including stealing from their employers. Employees caught in the act will often explain away their actions for what they feel are many sufficient reasons, including not having the resources or income to support their lifestyles.

Crime coverage, available through yacht builders insurance wholesalers, can often cost as little as $300 for up to $100,000 in coverage, this of course depending on the size and type of business activity, along with other underwriting considerations. While employee theft often involves having access to cash, they may also resort to stealing various items they have access to.

In the yachting industry there are many other items of value that may be stolen, including office machines, vault securities, warehouse merchandise, tools and other items in the inventory of the business they work for. Losses involving equipment, supplies, or merchandise can add up to thousands of dollars or more. Most businesses would have a difficult time dealing with such losses over time.

Desperate times, desperate measures

To an employee experiencing heavy financial burdens and responsibilities any product can seem valuable enough to steal, especially when a sufficient quantity can be taken over an extended period and often going unnoticed for months at a time. Surprisingly, an ongoing theft could span three years or more without being detected by owners or supervisors.

Crime coverage can help your client to better secure their business by providing protection for and against:

  • Employee Theft
  • Depositors forgery or altercation
  • Theft of securities and other property
  • Computer fraud
  • Funds transfer fraud
  • Money orders
  • Counterfeit currency
  • ERISA plans
  • Credit, debit, or charge card forgery, and
  • Robbery and safe burglary coverage

Don’t allow your clients to leave themselves open to losses of this kind that could seriously reduce their profit potential. Having crime coverage through yacht builders insurance wholesalers is worth the cost of the policy when you consider all that is at stake.

Partnering with the Best Workers Compensation Brokers

Your clients pay a lot of money annually in workers compensation costs. The amount goes up dramatically when the claims start pouring in. The job of workers compensation brokers is to shop for the best prices for the most comprehensive coverage so that their customers get the best bargain for their money. The best brokers also help clients find solutions that can help reduce the number of claims occurrence they experience annually, which helps solidify relationships between brokers, carriers and insureds.

Because workers comp represents a significant expenditure for small businesses across each industry segment it can be difficult to find a market for these smaller companies. You will benefit by partnering with a leading wholesale brokerage that has strong underwriting abilities and can help you secure workers compensation insurance for all of your small business clients in certain niches and geographic areas.

The top brokerage houses have the capability of catering to a broad range of small business owners and can assist you in helping clients with their safety programs, remain OSHA-compliant, prevent abuse of the system, as well as stem losses from fraudulent claims.

Return to work programs bolster owner-staff relationships

A business may suffer collateral damage when it loses an employee to an injury. Other workers may start to have concerns about their own safety, and will often determine their future with the company based on its response to the care and management of their injured cohort.

This is a situation that will oftentimes hurt the employer as well as the employee. That’s why it’s so critically important to get injured staff members healthy and back to work as soon as possible. This can be a significant morale booster company-wide. This also requires a quick response and some smart medical care along with superior claims management.

Having carrier partners that are known for their excellence in coordination with care providers so that employees get the care along with the proper amount of time to heal needed in order to return to productive employment in good time is vital. Give your clients the coverage they need by partnering with workers compensation brokers that give you a leg up on the competition.

New York Workers Comp and the Changing Landscape

Insurers are still sorting through all of the potential impact that the Affordable Health Care Act (AHCA) will have on workers’ compensation. Some feel it is having a serious impact on New York workers’ comp claims through an increased leakage from group health plans, while others feel this is not the case. Most agree that with the increased coverage that is being provided on the group health side, the overall utilization of these services will continue to rise.

One certainty is that it’s imperative that workers’ comp payers identify the providers who are able to deliver the best clinical outcomes for injured workers. After all, to maintain a productive business, owners must ensure that the focus remains on the quality of care and providing the best outcome for the injured parties. While this may cost more on a fee-for-service basis, getting appropriate and timely health care generally leads to a faster return-to-work. This again will ensure that the proper treatment is being obtained and will ultimately help lower costs.

The importance of a sound disability management system

More and more employers are realizing that the impact of federal employment laws, such as the Americans with Disabilities Act (ADA) and the Family Medical Leave Act (FMLA) must be considered on all workers’ compensation claims. Companies are beginning to realize the value of managing non-occupational disability so that their valued employees can get back into the workflow and become productive once again.

New York State streamlined its assessment process, which resulted in a significant reduction of the assessment rate for most employers. Still, it remains to be seen if these assessment savings will continue into the future. In addition, New York has been struggling to implement the reforms that were passed in 2007 legislation, and it was 2013 before the last of the regulations were issued for this law.

Despite the huge amount of premium, exposure and claims data produced by the New York workers’ comp industry, many business owners still complain about the lack of any actionable information. As an industry, wholesale brokers will see a continued focus on the use of more meaningful analytics that can assist in identifying savings opportunities, formulating action plans and measuring the impact of change, which they will then be able to pass on to independent insurers.

Work Injuries and Nursing Homes Workers Compensation

Nursing Homes Workers Compensation

Nursing homes can be found in every state across the US. Because many of the jobs that are associated with the nursing home industry require the ability to lift patients in and out of bed, this is a cause of concern when it comes to the likelihood that caregivers may experience back injuries do to the nature of the work required.

Nursing homes can be found in every state across the US. Because many of the jobs that are associated with the nursing home industry require the ability to lift patients in and out of bed, this is a cause of concern when it comes to the likelihood that caregivers may experience back injuries do to the nature of the work required.


Unfortunately, some patients lack the necessary mobility to even get from their bed to the restroom, and in the case of those that are overweight, the strain of heavy lifting can lead to anything from a minor back strain to an injury serious enough to require surgery.


Workers are often required to wear back braces in the course of duty, but while this may help, in extreme cases it just isn’t enough. Equipment, such as mechanical lifts and friction reducing devices, decrease both the frequency and severity of injuries, lowering the amounts of claims for nursing homes workers compensation.


Safety must be emphasized in nursing homes to protect staff


Safety must always be a priority. This is accomplished with regular safety training meetings and reviews of problem areas. Physical hazards and causes of injury to nursing home employees include:


  • Lifting and moving of patients


  • Musculoskeletal injuries


  • Slips, trips and falls, and


  • Being accidentally stuck with a needle


Medical care for these types of work injuries is readily available due to the fact that most states require all businesses to carry workers comp insurance. While minor work-related injuries, including cuts, bruises and abrasions can be treated by the on-staff nurse or by other nurses on duty, for more severe injuries, treatment should be immediately sought at local medical facilities.


The cost of indemnity benefits for nursing homes workers compensation injuries average approximately the same as workers comp benefits for all industries. Don’t be caught without adequate amounts of coverage. Speak to a reputable agent about any concerns or questions.


photo credit: pam’s pics- cc

Reducing Workers Comp Claims at Independent Living Facilities

Most owners of independent living facilities realize how hard it is to hire and retain good employees. After all, these are the people you trust with the care of your residents, and the last thing you need is to hire the wrong type of person for this often daunting and difficult job. With the rise in costs for independent living facilities workers comp coverage, it is important to keep claims to a minimum, as this is essential to the success of this type of business.

The interview process can help rule out undesirable candidates

By developing good hiring techniques you can determine whether a person is truly a good match for this type of work, or any position with your company. Take the time to review all resumes, verify education and previous employment, and always check references prior to the interview, when possible. You certainly should inquire about any gaps in employment history that may set off red flags.

You can also find out a lot about a candidate’s work ethic asking open-ended questions concerning their attendance record with past employers. This can greatly help you in determining how dependable they may or may not be. Obtain any information available on any previous job-related injuries, as well as the results.

All workers should attend an orientation and training program that should aid in reducing work-related injuries. Investing in safety training will often reduce workers comp costs. When employees feel that the company strives to create an atmosphere of safety it often leads to increased morale, fewer injuries and illnesses, and less absenteeism.

Employers can also benefit from a wellness program. After all, healthy employees are less likely to be absent and more likely to perform well when they are physically fit. In the event of a workplace injury, have procedures and rules in place to deal with the situation properly. Implementing these things in the workplace can go a long way towards reducing independent living facilities workers comp claims.

photo credit: Alan Cleaver cc

What are the Advantages of Workers Compensation Claims Management?

Photo by Kevin Dooley

Many industry employers view insurance claims as simply part of the cost of doing business. Yet, for what it’s worth, plenty of workers’ compensation (WC) (and other costly insurance claims) can be prevented. Even after a claim is filed, there are steps you can take to help minimize its costs. This starts with creating a sound workers compensation claims management program.

Employers can benefit by better managing their WC claims

First off, develop a good relationship with your insurer. Understand that your insurance agent or your insurance company’s loss control representative can assist you in preventing claims, investigating claims, and managing the cost of a claim once it has been filed.

You should promptly report all claims to your insurer. Many owners fear that if they do that, their insurance premiums will rise. Yet, a minor injury could become much more severe, saddling you with the costs of a large medical bill, despite the fact that you’re already paying to have workers’ compensation coverage. Also, by promptly reporting all claims to your insurer, they can help to identify a claim that might be fraudulent.

You need to have a good return to work program designed to assign modified duties for those employees who are able to return to the job as soon as medically possible. You should implement a written policy that ensures all workers promptly report all claims to a manager and have someone available to help them with the procedure of filling out the required paperwork.

You should have open communication with your workers so that they know that you truly care about their safety and will do anything in your means to both, ensure their working in the safest possible environment and that the company will quickly come to their aid if they are the unfortunate victim of an accident while performing their duties. These are some very important steps towards a sound workers compensation claims management program.