As a business owner with employees, there’s no doubt you’ve heard of OSHA, the Occupational Safety and Health Administration, and a set of standards that they have created in order to keep your employees safe and healthy.
Workers Compensation Articles
We teardown the insurance concepts impacting your life and business into an easy-to-understand language you can put to use today.
With New York State officially in a state of emergency as Gov. Andrew M. Cuomo declared a state of emergency on Saturday as the number of coronavirus cases in New York rose to 89, it’s important for business owners to understand the impact of coronavirus on their workers compensation insurance.
Compliance with OSHA standards can often be a burdensome afterthought to the daily grind of running your business.
At some point, every company is going to experience an increase in their workers’ compensation premiums. When this happens, it usually triggers an internal scramble aimed at reducing insurance costs and spending.
OSHA compliance can help reduce your workers’ compensation costs, avoid inspections and eliminate costly fines.
Your worker’s compensation experience mod rate is the official name for what is commonly known as a Comp Mod, Experience Mod, or X-Mod.