by David Schek | May 9, 2011 | Staffing Company, Tips
The importance of safety in your staffing organization should be made very clear from the start of the relationship with the temporary employee. Temporary employees that understand how serious you and your staff feel about safety on the job, will be more safety conscious which mean less workers compensation claims for you.
For example, your interviewer should discuss in detail the steps that your staffing company takes when a work comp accident occurs. Not only will your staff document the accident, but that you will undertake a complete investigation of the accident. By demonstrating in the interview that your staffing company is not a place for unsafe employees, you will encourage safety among your temporary employees and discourage fraudulent claims.
Please feel free to comment on this blog.
Regards,
David Schek
President- Work Comp Staffing Solutions
202-302-1212
Remember you will receive a $50 Starbucks Gift Certificate with each new Quote from Work Comp Staffing Solutions. Visit us at www.newcompquote.com
by David Schek | May 2, 2011 | Workers Comp, Workers' Compensation Insurance
Call Us Today and Get a FREE Work Comp Quote… and a $50 Starbucks Gift Certificate.
StaffingCompSolutions.com is one of the largest exclusive Workers Compensation brokers for the staffing industry. In just the last 4 years we have brokered Work Comp deals for dozens of staffing clients representing over 60M in staffing payroll. We have exclusively been servicing the staffing community for the last 22 years. We are experts in many different workers compensation programs that can lower your rates- even if you have had significant work comp accidents in the last 3 years. And if you are using your State fund, we know you are definitely paying too much in premiums.
Check out our blogs for helpful advice to lower your current premiums. Call me today to get your FREE Work Comp Quote and receive your $50 Starbucks Gift Certificate.
Best Regards,
David Schek
President StaffingCompSolutions.com
202-302-1212
Please visit our web site at www.newcompquote.com to find out more about Workers Compensation Programs for your staffing company.
by David Schek | Apr 27, 2011 | Staffing Company, Tips, Workers Comp, Workers' Compensation Insurance
Most staffing company owners lose a little sleep when it comes to their Workers Compensation audits. Sometimes their anxiety grows as a result of some questionable classifications that they used during the audit period. Another reason could be that they may have inadvertently not correlated all the work comp premiums to their payroll tax records; especially if the have multiple offices to manage. So what is a staffing owner or financial manager for a staffing manager to do?
There are actually a few things that that can help you avoid any negative surprises and ensure your audit occurs without a hitch.
They include:
- Throughout your audit period, work closely with your agent or broker in communicating with the insurance carrier when you want to utilize a new a work comp code. This communication will make your Agent and insurance carrier part of the process of managing your business during the audit period, instead of getting them involved after you have already selected a code and established pay and bill rates.
- Confirm with your client the specific comp codes they use for each position.
- Try to have all your communication with your carrier concerning rates and job descriptions in writing. By having this information documented, it will be easier to justify any new codes you used during the audit period.
- Do an internal audit yourself before the insurance auditor comes to your office to review your company documents. By making sure that all your payroll reports match (withholding reports, SUTA reports, and Comp payroll reports) you will not only make the auditors job much easier, but you will demonstrate that you are managing your business well.
Finally, if you disagree with an auditors findings, there usually is an appeals process that is governed by the laws of your State and the rules of your insurance carrier. I have experience with clients who have used good documentation and have won their appeals which have saved them thousands of dollars.
Please feel free to comment on this article or call me for a more detailed discussion regarding this topic.
Best Regards,
David Schek
Work Comp Staffing Solutions– President
202-302-1212
Contact us at www.newcompquote.com for a FREE workers compensation quote.
by David Schek | Apr 18, 2011 | Workers Comp, Workers' Compensation Insurance
Assigning Light Duty Assignments After a Work Comp Accident Can Keep Your Work Comp and SUTA Rates Low
The better managed staffing companies make an effort to ensure that employees who have experienced workers compensation accidents start doing appropriate light duty work as soon as possible. By offering light duty work, the “indemnity expenses” associated with many workers compensation accidents are often mitigated or avoided all together. In addition, since light duty work usually takes place in your office, you can be a useful conduit of information between the employee and the insurance companies comp claims manager. This reduces the likelihood that an employee will be able to pursue unwarranted workers compensation claims.
Usually your insurance carrier, regardless of whether you work with the state fund. private carrier, or a PEO will be eager to help you in this process. Remember your insurance carrier benefits too when your comp losses remain low and they legitimately pay out smaller amounts of work claim claims. Your insurance claims manager can offer suggestions about different types of light duty that would be most appropriate for the employee too. They know that indemnity payments can become a large part of many work comp accident claims when not managed responsibly. So even having these employees do paperwork in your office is a less expensive way of managing their claim rather than having the employee sit at their house and getting paid from the insurance company which then charges your workers comp account.
Finally, having the employee perform light duty work as a result of a workers compensation accident, should keep your state unemployment expenses lower too. Properly managing the claim is a double win to your bottom line. Keep in mind, what ever money the employee receives from you as a result of the light duty they do, is subtracted from any unemployment benefits they may clam and receive from the State.
Please feel free to comment on this blog or ask for a Free workers compensation Quote at www.newcompquote.com
Best Regards,
David Schek
Work Comp Staffing Solutions – President
202-302-1212
www.StaffingCompSolutions.com
by David Schek | Apr 11, 2011 | Staffing Company, Tips, Workers Comp, Workers' Compensation Insurance
Reviewing your Clients Work Comp History Now Can Save You Expense and Headaches in the Future
As a former owner of a large multi state staffing company, I know the excitement of getting a new client and wanting to do everything possible to please them so you get additional orders. As appealing as that is, you certainly do not want a new client’s workers comp problems to become yours. So along with reviewing the new clients credit history, you may want to consider reviewing their work comp history as well. In fact some clients may select your firm specifically so they do not have to deal with their own work comp and safety issues. They may be trying to transfer the financial responsibility to you, which can mean big headaches and losses long term.
What should you be looking for in new clients.
- Your Clients Work Comp modification or “mod.” Is it above 1.0? If so ask why.
- The history of their Comp Losses. Will they let you review their work comp loss history for the last 12 months?
- Have you seen their safety procedures– or program? If they do not have one, maybe you can share yours which will help further your long term relationship with them.
- Do an on site review of all the positions you are staffing for? Make sure they are following normal safety procedures.
- Ask who is there Comp carrier and how long they have been with them? If they have had multiple carries over the last few years, that is usually a sign that they are a bad Comp risk — and maybe even a bad credit risk.
I hope these suggestions help keep your Work Comp costs low and manageable.
Best regards,
David Schek
President- Work Comp Staffing Solutions
202-302-1212
Always feel free to contact StaffingCompSolutions.com for a Free quote at www.newcompquote.com
