Blog - Lastest News from Work Comp Staffing Solutions
Work Comp Staffing Solutions’s Spring Workers Compensation Sale For Staffing Companies
Work Comp Staffing Solutions is having its annual Spring Workers Compensation sale for all staffing companies nationwide. We specialize in PEO, EOR and direct policy solutions. You can get a FREE quote in about 3 days. It's time to put our 25 years of staffing...
Workers’ Comp Carve Outs: One Of The Many Ways A PEO’s Got You Covered
Workers' comp law is different in every state, and it's downright complicated in many. So much so, that staffing companies may choose to avoid doing business in some states. California and New York are two examples of states that frankly discouraged employment through...
A Costly Conundrum For Staffing Firms: Fewer Claims But Higher Medical Costs
There is an interesting paradox within workers’ compensation. It’s both good news and bad news for the staffing industry. Because of automation and greater attention to safety, work injuries are decreasing. According to Peter Rousmaniere, a well-known consultant in...
Is The Workers’ Compensation System Broken?
It has been an inescapable topic ever since the investigative outfit, Pro Publica, published its piece on workers’ compensation "The Demolition of Workers’ Comp." Pro Publica concludes that states' workers' comp systems have slashed benefits and medical care to...
ACA Cost Shifting Could Increase Workers’ Comp Rates
There may more unintended consequences of the Affordable Care Act on employers, including staffing companies, if workers’ comp experts are to be believed. According to recent research by the Massachusetts-based Workers’ Compensation Research Institute (WCRI), the...
Feds Might Start Cracking Down On Misclassification
Even though it hasn’t been much in the news, the U.S. Congress re-introduced the Payroll Fraud Prevention Act of 2014. Since re-introduction in May, there have been several high profile criminal cases of misclassification by staffing firms to avoid paying workers’...
Staffing Firms Could Feel The Impact From Changes In State Workers’ Comp Systems
Staffing firms may have to adjust to several changes in state workers’ comp systems. If a bill passes in Tennessee, it would be the third state along with Texas and Oklahoma to allow employers to set up their own workers’ comp programs. Attorneys are challenging...
Professional Employer Organizations Are Still The Best Option for Staffing Firms
Staffing firms have many options for their workers’ comp insurance including direct carriers, state funds large deductible policies, and professional employer organizations (PEOs). It’s been noted in the industry that a large deductible policy or guaranteed loss program is preferable, but that is frequently not the case.
Too Many Lawyers Can Increase Your Premiums
Once an employer has confirmed that an injury arose out of employment, the workers’ comp carrier is supposed to pay the claim and work with employer and claimant to get the worker back to work quickly. Unfortunately this doesn’t always happen, if the injured workers...
Misclassifying Your Employees Can Affect You Big Time
Recently in New Jersey, a family owned staffing company was busted for allegedly misreporting the number of employees in their staffing firm. In this case they underreported to the tune of $30 million. By doing this they failed to pay adequate workers’ comp premiums,...
Work Comp Reserves Can Affect Your Rates
Workers' compensation insurance has a long tail. In other words, if one of your employees gets injured, the insurance company must set aside or “reserve” a certain amount of money to cover a workers' comp claim until it is closed. How an insurance company reserves is...
Claims Handling: A Crucial Part of Reducing Your Workers’ Compensation Bill
Injuries related to lifting, pushing, pulling and slips and falls are a major source of injuries and comprise many claims. Proper handling ensures that only "real" claims of injured workers receive treatment and benefits. Fraudulent workers compensation claims are...