Important Coverages for Motor Carriers using Owner-Operators

The transportation industry is seeing an increased number of companies leasing their vehicles to owner-operators for expense savings. However, owner-operators create an inherent risk for these companies because their injuries and accidents are not covered by Workers’ Compensation like they would be as a full-time employee. The only way for independent contractors and motor [...]

By |2020-05-07T12:14:58-04:00May 7th, 2020|Insurance, Workers' Compensation|0 Comments

How Employee Age Impacts Workers Compensation Utilization

According to the Bureau of Labor Statistics, the number of people ages 55 and older in the workforce will reach 24.9% in 2024 – up from 11.9% in 1994. Prompting this uptick in working Boomers are two factors: They can’t receive full Social Security retirement benefits yet. The recession drained their retirement savings accounts. As [...]

By |2020-02-19T18:33:41-05:00January 15th, 2020|Insurance, WC|0 Comments

California Passes Groundbreaking Legislation to Limit Independent Contractors

California Governor, Gavin Newsom, recently signed a new bill that makes it more difficult for companies to classify their workers as independent contractors rather than employees.  This legislation is expected to change the employment status of more than a million workers across California. As a result, these workers will be eligible for workplace benefits [...]

By |2019-11-21T21:08:57-05:00November 18th, 2019|Business, California, Industry Update|0 Comments

How Recessions Impact Workers’ Compensation

Many economists believe that a recession is on the horizon, and Bank of America forecasted a greater than 30% chance of a recession starting within the next year.  How will the predicted economic downturn impact Workers' Compensation claims? The rate of workplace injury and subsequent Workers' Compensation claims drops sharply during recessions and rises [...]

By |2019-11-07T11:29:46-05:00November 4th, 2019|Insurance|0 Comments

5 Simple Ways to Improve Your Workplace Ergonomics

Did you know that work-related musculoskeletal disorders (WMSDs) cost employers $15 to $20 billion annually in Workers' Compensation costs? While that is a huge price tag, The Bureau of Labor Statistics estimates it is only a fraction of the injury cost. They estimate that for every dollar a company spends on a workplace injury, [...]

By |2019-07-08T22:21:10-04:00July 8th, 2019|Insurance, Safety, Uncategorized|0 Comments

Don’t Get Railroaded on Your FELA Claim

Almost all private employees in the United States can collect workers’ compensation if they are injured on the job. Railroad employees are the exception to the rule, as they must file for damages through The Federal Employers Liability Act (FELA). FELA was created in 1908 when railroad use was expanding rapidly in the United States. [...]

Busted! Corrupt Professionals Sentenced in $200M Workers’ Comp Scheme

We’ve all heard stories about someone faking a workplace injury in the hopes of profiting from a Workers’ Comp pay-out.  But what happens when doctors, medical service providers, attorneys, and other professionals conspire to scam the Workers’ Comp system for millions of dollars? Sentencing hearings were recently held in California for participants in a [...]

By |2019-03-24T16:12:48-04:00March 21st, 2019|Insurance, Workers' Compensation|0 Comments

New Signs of a Changing Market for Workers’ Compensation

There has been a steady decline in Workers’ Compensation rates since the beginning of 2015, which is attributable to the overall market softening.  However, we are starting to see profit margin compression.  Medical loss cost severity is rising, benefits from prior accident year reserve redundancies are declining, and the growing involvement of attorneys is [...]

By |2019-02-19T11:27:14-05:00February 4th, 2019|Safety, Workers' Compensation|0 Comments

How to Navigate the Treacherous Waters of USL&H

There are a great number of commercial industries that operate their business on or near water.  Unfortunately, there are also too many commercial clients that have a standard Workers’ Compensation policy and THINK they have USL&H coverage (or worse, don’t even know that they need it).  Even some of the best insurance underwriters miss [...]

By |2019-06-10T22:16:11-04:00January 21st, 2019|Insurance, Safety, Workers' Compensation|0 Comments

Workers’ Comp Benefits and Costs Continue to Decline

The National Academy of Social Insurance (NASI) 2018 Workers’ Compensation Benefits, Costs and Coverage report, underscores a trend: The US economic recovery has spurred growth in employment and also a corresponding increase in employees covered by workers’ compensation as benefit costs continue to decline. In general workers’ compensation benefits as a share of payroll [...]

By |2019-02-19T11:16:09-05:00January 10th, 2019|Industry Update, Safety, Workers' Compensation|0 Comments