Can you imagine having to recover from a skull fracture? Sadly, this was the case for a young, 20-year-old carpenter. He was securing temporary supports for the roof trusses on an apartment building when suddenly he lost his balance. In a matter of seconds, the young man fell from the second story, all the way down to […]
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What is a PEO? PEO stands for professional employer organization and it promises numerous benefits to small and mid-sized businesses. But, how can a business take advantage of leased employees and why many companies chose to do so? In this article, we are taking a closer look at this kind of co-employment to help you […]
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Workers compensation has been around longer than you might realize. In fact, ancient Sumerian laws included provisions for workers who were injured on the job. For many societies throughout history, taking care of injured workers has been an important responsibility for employers. In the U.S., workers compensation laws differ depending on the state. Workers compensation in Florida […]
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Workers comp costs can become a big burden for small businesses – and large ones, too. Are you doing everything you can to manage workers comp costs? There have been proposed cuts to the cost of workers comp in Florida, which is great news.This rate decrease would begin next year, allowing businesses to free up their funds […]
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Floridians lost 309 people as a result of workplace accidents and injuries in 2016. Up from the previous year, the number of accidents and fatalities in Florida is growing faster than anywhere else in the nation. The state outperforms the national average in falls, trips, slips, and exposure to harmful substances or environments. You might think that you […]
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Proper Workers’ Comp classification codes, Explained. Even the National Council Compensation Insurance (NCCI) recognizes the complexity of the Workers’ Compensation classification system; however, proper classification is of most importance as it makes a big difference in rates and premiums.NCCI has created a system of 600 plus classification codes, with the intention of covering workplace exposures. […]
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Professional Employee Organization (PEO). The History of PEO Organizations. Employee leasing policies first came into existence in the late 1960s as an alternative to traditional Stand Alone Worker’s Compensation policies. Up until this point companies that could not secure worker’s compensation through the private markets were forced to secure workers comp through state sponsored markets such as […]
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Stand Alone versus Pay-As-You-Go Workers’ Comp Policies.Any and all construction businesses with one employee or more are required to have worker’s compensation insurance. If you are a non-construction business then you are only required to have workers comp when you have four or more employees, full or part time.With a pay-as-you-go payroll service, your company […]
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Changes are coming to Florida Workers Comp Costs in October 2016Substantial changes are coming to the costs associated with workers compensation coverages in the state of Florida. Recent decisions from the Florida Supreme Court have prompted the National Council on Compensation Insurance (NCCI) to file a 19.6 percent rate increase with the Florida Office of […]
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