Stay Connected With Us!
Posts Tagged "Workers Compensation"
Worker’s Compensation and the Aging Workforce
Older Americans continue to delay their retirement or reenter the workforce to supplement their income and combat the effects of a down economy. According to the Bureau of Labor Statistics, the number of workers between the ages of 55 and 64 is estimated to climb to 29.3 million by 2020 and makeup almost 18 percent of the labor force. This increase in older workers introduces the need to understand the risks associated with...
Read MoreMoney-Saving Workers’ Compensation Tips
Workers compensations costs can be overwhelming for business owners. But, by planning ahead and taking preemptive measures, business owners can greatly alleviate the impact of unexpected workers compensation costs. Here are some of our best tips for doing so: Safety Program Goals Justify your risk control expenditures strategically to senior management so you receive the budget you need. Be sure they understand the importance of your company’s safety program and the money it saves in...
Read More7 Tips for a More Comfortable Work Station
Office workers in the United States spend an estimated 10 hours each day sitting at their workstations. Because they spend so much time at their desks, an improperly designed workstation can severely drain workers’ productivity, focus and even their physical health. Poor workplace ergonomics can even cause workers to develop musculoskeletal disorders (MSDs), which cause an estimated 380,000 workers to miss work each year. The three most common causes of ergonomics-related injuries are: ...
Read MoreWorkplace Safety – A Top Initiative
Injuries can cost money, time and so much more. That’s why it is always wiser to spend a bit more time doing the job safely than to risk getting a serious injury. To ensure workplace safety, it takes a team: both and our workers are responsible for a maintaining a safe work environment. The company’s safety role Our goal is to provide a workplace free from serious recognizable hazards. That’s why...
Read MoreUnderstanding Your Workers’ Compensation Experience Modification Factor
A key to understanding your workers’ compensation premium is the experience modification factor, also known as your mod. Understanding your company’s mod and the data used to obtain it helps you identify ways to minimize your workers’ compensation premium. Who calculates the mod factor? Most states use the National Council on Compensation Insurance (NCCI) to collect data and calculate the experience modification factor. NCCI is a private corporation funded by member insurance...
Read More