Workers’ comp insurance rates are the prices of insurance compensation policies that protect the employer as well as the employee when there’s a work-related illness or injury that occurs. One part of this type of insurance provides workers that have gotten ill, are injured or killed because of work-related events with financial protection. The other… Continue reading Sample Workers Comp Insurance Rates Across Different Industries
As a business owner, there are several types of insurance that you must carry to protect yourself. Two of those types of insurance are workers’ compensation and employers’ liability. There are many things to know about these two different insurances. Let’s look at workers’ compensation vs employers’ liability to get a better understanding. What is Workers’ Compensation Insurance… Continue reading Workers’ Compensation vs Employers’ Liability: What Should You Choose From a Company?
The United States recorded an incidence rate of 2.8 workplace-related injuries per 100 full-time workers in 2018. The Bureau of Labor Statistics notes that these figures have reduced steadily since the year 2010. Even so, there have been concerns that there could be many more cases that go unreported each year. From an employer’s point of view,… Continue reading How to Spot and Prevent False Workers’ Compensation Claims
If you’re running a small business, you know of the time and work that needs to be put in every single day to keep the ship afloat. You and your employees are required to wear several different hats each day to provide the best products and services to your clientele. Because of that, you’re always… Continue reading How Can Outsourcing HR Functions Help Grow Your Business?
The total American workforce comprised of more than 157 million workers in the year 2018. Small and medium-sized companies employ a sizable majority of this labor force. Being able to manage such diverse human capital demands for massive levels of internal capacity. Nonetheless, this is one thing that most small and medium-sized companies lack. Professional… Continue reading What Is a PEO and What Does It Do For Smaller Employers?
When you own a business, you must have workers’ compensation insurance. The requirements of workers’ compensation insurance can be difficult to understand and confusing; however, they can help you in the long run. Knowing what type of insurance you need and how they are different is an important part of running a business. Keep reading to… Continue reading Wait, There Are Three Different Kinds of Workers’ Compensation Insurance? (And Other Important Questions)
Many small businesses out there aren’t entirely knowledgeable about what kind of insurance policies they need to invest in. Some are enforced by the law, some provide peace-of-mind at your greatest time of need, and some are both. Such is the way with workers’ compensation. You’re probably wondering what reasons there are for investing in it.… Continue reading Workers’ Compensation Insurance: 6 Reasons Why Small Businesses Need It
Did you know that workers’ compensation insurance protects 138 million US workers? That’s right. That number represents almost all employees in the country. After all, workers’ comp is a legal requirement in almost all states, except Texas. In Florida, only a select few employers aren’t required by the law to purchase this coverage. The law requires most employers to… Continue reading What Is Workers Compensation? Overview and Benefits
It’s nice to have labels for compartmentalizing ideas and making them easy to reference. the problem with labels is that they too often flatten a concept, depriving those same discussions of much-needed nuance. So it is with the often bandied term ‘gig economy’. Getting into freelance or gig work, you might think of yourself as… Continue reading Self Employed Workers Comp: The Complete Guide
With national spending around $6 trillion a year on workers’ comp payouts, businesses can easily go under if they miscalculate their insurance costs. Calculating a settlement accurately might seem challenging. The first place to start is to pay the right amount for insurance. Here’s what you need to know to begin your calculations. Understanding the Calculation Workers’… Continue reading How to Calculate Workers Comp Payouts in 2020