Reducing Work Comp Rates
The Work Comp Staffing Solutions team is focused on workers compensation and back office solutions for staffing companies 7 days a week for our clients. Over the last 18 months, we have witnessed insurance companies becoming much more selective in the staffing industry with respect to who they underwrite for comp. One reason for this change is that since January, the NCCI reformed their formulas for calculating mod rates (first time in 20 years.) Now, if a staffing company is not best in class from a safety perspective, the carrier will usually not under write a policy or will only do so with VERY high deductibles.
Following Best Safety Practices
Given this difficult (and expensive) work comp environment where good safety practices are even more important. I found this article from the American Staffing Association’s Staffing Success Magazine to be very instructive for staffing company owners.
— — http://www.asa-digital.net/amstaffingassoc/september-october_2013#pg24
If you are in the process of becoming, or have become, a “best in safety class” staffing company, and are looking for lower comp rates, Work Comp Staffing Solutions can probably find a lower cost workers compensation program for you today. Please feel free to contact me at davidstaffing@gmail.com or visit us at www.StaffingCompSolutions.com to discuss your particular workers compensation situation.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association