by David Schek | Sep 11, 2012 | News, Staffing Company, Workers Comp, Workers' Compensation Insurance
Below is a link to an excellent article that explains how most staffing companies workers compensation mods and rates will be increasing starting January 1, 2013.
https://www.ncci.com/documents/exp_rating_update.pdf
The net effect of this change is that if you have a negative mod (over 1.0) your mod and rates will likely increase. If your mod is less than 1.0, your mod and rates will probably improve.
Finally, we still have a few openings left to join us for complimentary lunch or dinner at the Venetian hotel in Las Vegas during the American Staffing Association Conference. We can discuss these workers compensation changes and review options to keep your rates as low as possible.
Please just give me a call 202-302-1212 and let’s talk about what solutions are available for your workers compensation situation.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
United States Staffing Preferred Member
by David Schek | Jul 23, 2012 | News, Staffing Company, Workers Comp, Workers' Compensation Insurance
Modified ex-mods penalize poor risk staffing companies
Starting in 2013, NCCI’s 38 member States will start to more severely penalize employers who have poor workers compensation loss histories. Conversely, employers who have good loss histories should receive some rate reductions through improved experience mods. This is the first change to this very important NCCI rate formula in 30 years!
The link / article below further explains this new change that will impact ALL staffing companies.
http://www.businessinsurance.com/article/20120715/NEWS08/307159978?tags=|329|304|92#4
Please feel free to contact me if you would like to discuss your current workers compensation program, or would like to have additional workers compensation solutions to review so you can be sure you are paying the lowest rates.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Smart Workers’ Compensation Solutions for Staffing Companies
by David Schek | Jul 6, 2012 | Healthcare Insurance, News, Workers Comp, Workers' Compensation Insurance
Below is a link to an excellent article about how work comp rates may further increase as a result of the Affordable Care Act (ACA.) I strongly suggest you take a look at this short article that was written by Donald Harrison, who is is a distinguished employers workers compensation attorney in Alabama.
http://www.hrhero.com/hl/articles/2010/04/22/health-care-reform-and-workers-compensation/
I look forward to sharing additional ideas and thoughts about this important topic.
All the best
David Schek
President
www.StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Smart Workers’ Compensation Solutions for Staffing Companies
by David Schek | Jun 27, 2012 | News, Staffing Company
In June, StaffingCompSolutions.com joined the California Staffing Professional Association (CSP.) StaffingCompSolutions.com has been a member of the American Staffing Association (ASA) for years, but with the uptick in workers compensation rates especially in California, we have been receiving many inquiries for quotes from that great state.
We look forward to seeing our California clients at the CSP local meetings, and the rest of our clients in October in Las Vegas at the American Staffing Association National Conference.
All the best
David Schek
President
www.StaffingCompSolutions.com
American Staffing Association Member
California Staffing Professionals Member
Smart Workers’ Compensation Solutions for Staffing Companies
by David Schek | Jun 1, 2012 | News, Workers Comp, Workers' Compensation Insurance
They say that California is about 6 months ahead of the rest of the states in their business trends. If that is the case, we all need to be very aware of the trend in workers compensation rates in that state.
Here is a good article about where most work comp rates are heading if California is any leading indicator
http://www.liveinsurancenews.com/rate-increase-for-california-workers-comp-of-8-25-percent-receives-approval/8512621/
Please let us know if we can help you plan ahead and find the most economical workers compensation solution
All the best
David Schek
President
www.StaffingCompSolutions.com
American Staffing Association Member
Smart Workers’ Compensation Solutions for Staffing Companies
by David Schek | Apr 30, 2012 | Healthcare Insurance, News
Here is a great article about how medical expenses will be allocated under the national healthcare program and their impact on workers compensation costs. This article came from the well regarded organization, Staffing Industry Analysts
http://www.staffingindustry.com/eng/Research-Publications/Publications/CWS-3.0/March-21-2012-Vol.-4.12/Contingents-Healthcare-Costs
David Schek
President
david@StaffingCompSolutions.com
American Staffing Association Member
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