The World Health Organization describes it as "unquestionably the most severe acute public health emergency in modern times." To date, the Ebola outbreak has claimed over 4,000 lives, with approximately 8,400 more probable or suspected cases. And projections for its growth are sobering. Healthmap predicts the number of cases of Ebola worldwide could reach over 18,000 within a few weeks.
As a business owner, any time you hear the word “audit,” it’s likely to push your stress level up a notch. Whether it’s the IRS, an insurance auditor, or some other agency poking through your records, an audit can be a nerve-racking and inconvenient experience for your company.
According to the National Insurance Crime Bureau, workers' compensation fraud is a $5 billion-a-year liability nationwide. And a recent report from the New York County Grand Jury proves that it continues to be a costly headache here in New York State.
Of all the challenges you face as a project owner or contractor on large construction projects, your New York construction insurance is likely one of your biggest and costliest headaches. With multiple subcontractors, suppliers, and insurance companies involved, you can find yourself dealing with unexpected coverage gaps, lapsed policies, or inadequate limits. And when a claim comes up, things can get complicated and expensive in a hurry.
Your New York business insurance coverage is one of your biggest budget items, and one of the surest ways to reduce your insurance costs is to reduce the cost of your risk. After all, the better you manage your risk, the better risk you are for your business insurance provider.
When you consider the high cost of New York workers’ compensation claims, it’s clear you can’t afford to make careless missteps. And yet one of the most common and costly mistakes employers make in the workers’ compensation process is simply failing to communicate. In fact, employer silence is at the root of many workers’ comp disputes. When an employer drops the ball on communication, it’s almost inevitable that misunderstandings, delays, and added costs will be the result.
Tags: new york business insurance, New York workers’ compensation, New York workers’ compensation claims, new york workers’ compensation costs, new york workers’ compensation claim, workers’ compensation program
As we bid farewell to another year, millions of Americans jotted down their New Year’s resolutions about calories, cardio workouts and carcinogens. Unfortunately, most of them will fail. In fact, according to the Journal of Clinical Psychology, only 8 percent of people are successful in realizing their New Year’s resolutions.
As an employer, you know that costs can skyrocket when disputes arise and attorneys get involved in your New York workers’ compensation claims. Litigation can easily become a part of almost any claim and quickly start draining resources. Some New York workers’ compensation claims are naturally more complex, but when litigation is involved, even the simplest claims can become complex. Months, and sometimes even years, of legal wrangling skyrocket claims expenses and increase your workers’ compensation premiums for years to come.
New York business owners got some good news from the state’s Department of Financial Services in July. After facing a potential double-digit increase in New York workers’ compensation insurance premiums, and after four successive years of rate hikes, New York workers’ compensation rates will decline 1.2 percent.
Tags: business insurance, New York workers’ compensation, new york workers’ compensation costs, New York safety group, New York workers compensation rates, New York workers compensation coverage, early return to work, ERTW
When one of your employees gets injured on the job, a quick decision needs to be made about what should happen next. Do you send the employee to the emergency room? Should you send them home to "wait and see" if the pain goes away?