by David Schek | Jun 9, 2014 | Staffing Company, Workers Comp, Workers' Compensation Insurance
I usually get a call a week from a staffing client asking about the potential costs of a new workers compensation claim. Although their workers comp provider will ultimately handle the claim, they know that their future workers compensation rates may reflect this new claim. So naturally, in addition to caring about the employee’s ability to get back to work, my staffing clients are very concerned about the costs resulting from the accident.
I have found that there are a number of factors that are part of estimating the cost of a workers compensation claim.
THE MOST IMPORTANT FACTOR, FROM MY 26 YEARS of EXPERIENCE, IS THE QUALITY OF THE ADJUSTER. Identifying and working with a knowledgeable and diligent workers compensation claims adjuster should be the main objective for the staffing company’s owner, when trying to minimize the financial impact of a claim.
Below is a link to an excellent article that identifies the different cost variables in a workers compensation claim.
— http://www.workerscompensation.com/compnewsnetwork/workers-comp-blogwire/19014-what-is-your-workers-compensation-claim-worth.html
If you are looking for other ideas about ways to minimize your exposure to workers compensation claims, and to lower your work compensation costs; please contact me at at david@StaffingCompSolutions.com. And always feel free to visit us at www.StaffingCompSolutions.com
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
ASA Exhibitor for Annual 2014 Conference
California Staffing Association Member
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 25 Years.
by David Schek | Jun 2, 2014 | Consulting Services, Staffing Company, Workers Comp, Workers' Compensation Insurance
I send out a lot of emails about workers compensation programs for staffing companies and often forget to ask the simple question:
“How else can I help your staffing company?”
Having owned a 60 office staffing company for over 15 years, I know every day in staffing can be a new challenge, with new tests for you as an owner. From cash flow concerns, to continual margin pressure, I appreciate that owning a staffing company can be somewhat of a lonely business and as an owner you can feel somewhat isolated.
That being said, given my extensive staffing experience of over a quarter century, I may be able to suggest some new ideas and strategies that will improve your business model.
Please feel free to contact me to chat about your challenges. You can reach me at david@StaffingCompSolutions.com or 202-302-1212.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
ASA Exhibitor for Annual 2014 Conference
California Staffing Association Member
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.
by David Schek | May 19, 2014 | Professional Employer Organization (PEO), Workers Comp, Workers' Compensation Insurance
When a staffing company partners with a Professional Employer Organization (PEO) making the right call about new class codes is headache free. PEO’s have experts on staff that will help you define the position accurately, in order to select the optimum code. Also by using a PEO, the staffing company does not have anymore audits because now they occur between the PEO and the carrier.
Staffing companies that use their State Funds for workers compensation, know that picking the wrong code, can raise red flags during an audit– costing the staffing company tens of thousands of dollars in extra fees and penalties. PEO’s help you avoid these costly and aggravating mis coding mistakes that frequently occur during a workers compensation audit..
Here is a wonderful article by Mari Kautzman of Temp Works about this very subject.
http://staffingtalk.com/workers-comp-insurance-headaches/
Please feel free to contact me at david@StaffingCompSolutions.com for a FREE workers compensation quote. Also visit us at www.StaffingCompSolutions.com to review other workers compensation solutions for your staffing company that Work Comp Staffing Solutions can help you with.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
ASA Exhibitor for Annual 2014 Conference
California Staffing Association Member
StaffingCompSolutions.com —- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.
by David Schek | May 12, 2014 | Tips, Workers Comp, Workers' Compensation Insurance
Workers Compensation Fraud is very serious business. Whether engaged in by employers or employees, workers compensation fraud involves criminal acts. Many staffing professionals believe that if caught, they will just be made to pay back any monies they illegally received. Actually, the courts are now regularly handing out jail sentences to offenders as a deterrent.
Here is a great article that may open your eyes to the types of fraud insurance companies and PEO’s see everyday.
— http://www.insurancejournal.com/news/southcentral/2014/03/24/324275.htm
As a staffing veteran for over 26 years, and former Professional Employer Organization (PEO) client for 10 years, I suggest you look at partnering with a PEO as your payroll/human resource and workers compensation solution. Like using a CPA for professionally managing your companies income taxes, using a PEO will assure you that you do everything correctly to avoid costly mistakes.
Please contact me at davidstaffing@StaffingCompSolutions.com or www.StaffingCompSolutions.com for a FREE quote today.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
ASA Exhibitor for Annual 2014 Conference
California Staffing Association Member
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.
by David Schek | May 5, 2014 | Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
Dallas National has long been a carrier for many staffing companies work comp policies. Either through a Professional Employer Organization/PEO relationship , or via a direct policy.
As a result of potential insolvency, Dallas National has checked in to the Delaware “rehab. insurance hospital.” This is usually part of the process preceding the termination of high risk clients, like staffing companies– see link.
–– http://www.delawareinsurance.gov/departments/berg/rehab_bureau_freestone.shtml
I strongly recommend that you contact your Agent or Broker to do a check up of your carrier’s health. Work Comp Staffing Solutions has relationships with a few PEO’s that still underwrite staffing. Please contact me at david@StaffingCompSolutions.com and visit us at www.StaffingCompSolutions.com. I would be glad to offer you a quote should you need to find a new workers compensation relationship.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
StaffingCompSolutions.com—- Workers Compensation Specialists and Staffing Business Consultants For Over 20 Years.
