by David Schek | Apr 30, 2020 | State Funds, State Workers Comp Fund, Workers Comp, Workers' Compensation Insurance
Lately we have found that many carriers are electing not to provide work comp coverage for staffing/contract positions related to the COVID -19. These positions typically include (direct and indirect exposures) related to:
- Medical personnel in hospitals and clinics.
- Temperature takers at access points for stores and offices.
- Cleaning crews at hospitals with COVID patients.
- Other essential medical related workers.
The Work Comp Staffing Solutions team of Licensed Agents are glad to secure Workers Comp policies to cover these increasingly “indemand” medical COVID -19 staffing positions. Same day indications, with binding of coverage typically in 3-5 business days. Our Agents can also make sure your G/L and P/L policies are appropriate for these new risks as well.Please feel free to contact us at 202-302-1212, david@StaffingCompSolutions.com and visit us at www.StaffingCompSolutions.com
All the best
David Schek
President
StaffingCompSolutions.com
by David Schek | Dec 12, 2019 | State Funds, State Workers Comp Fund, Workers Comp, Workers' Compensation Insurance
Most Work Comp Staffing Solutions staffing clients use “pay as you go” work comp programs, so they are not audited. But if you use a State Fund or private carrier, here are some things to
keep an eye on during your audits:
- Workers’ comp audits take a retroactive look at a business’s payroll. Audits can happen after the first 3-6 months and then usually annually after that.
- Auditors will closely examine employee job classifications, and may visit your clients to confirm exactly what your employees did at your client’s site.
- Post audit bills by the carrier are not unusual because of misclassifications and disagreements regarding light/heavy industrial codes.
- Carriers will project future payrolls based on your first audit, and as a result, may require additional premium deposits– due within 30 days.
If you find you need to switch to a “pay as you go” program because an audit resulted in your policy termination, please contact us — we can help.
Please visit our web site at www.StaffingCompSolutions.com, call us at 202-302-1212, or email us at david@StaffingCompSolutions.com for more information about all our staffing and workers’ comp program offerings.
by David Schek | Oct 25, 2018 | State Funds, State Workers Comp Fund, Workers Comp, Workers' Compensation Insurance
If you use a State Fund or Private Carrier Policy for your work comp program, it is critical that you report all your payroll during an audit.*
Aileen Ramirez of Quality Employment Services LLC found out the hard way about under reporting payroll during a California State audit. Ramirez under reported $2.8 million dollars of payroll over 2 years resulting in a loss to the State Fund of $525,253.58 in insurance premiums. She was charged as a felon and had to reimburse the State for that amount. She received 3 years probation and is now a felon.
*Employers of Record (EOR’s) and Professional Employer Organizations (PEO’s) do not perform audits, since they are “pay as you go” programs.
Visit our web site at www.StaffingCompSolutions.com, call us at 202-302-1212, or email us at david@StaffingCompSolutions.com for more information about all our staffing and workers’ comp offerings.
Sincerely
David Schek
President
StaffingCompSolutions.com
by David Schek | Apr 15, 2014 | Professional Employer Organization (PEO), Staffing Company, State Workers Comp Fund
A few weeks ago I mentioned how the NY State Fund bureaucracy lost Tina Fey’s workers compensation paper work and fined her 78K. Now it turns out that late last year, the NY State Fund did the same thing to Jim Carrey– which resulted in an unnecessary fine of 72K (see link below for details)
— http://www.workerscompensation.com/compnewsnetwork/from-bobs-cluttered-desk/18602-ny-wcb-turns-out-tina-fey-was-a-ok.html
Somehow I can not see Tina and Jim staying up late with their accountants dealing with the financial and administrative consequences that resulted from the State Fund’s mistake. For non celebrity staffing folks like us, these mistakes can cause countless hours of headaches trying to correct.
A more efficient and less costly workers compensation and back office solution than the State Fund is a Professional Employer Organization (PEO.) A PEO that specializes in serving staffing companies. For more information about PEO’s and other work comp solutions contact me at david@StaffingCompSolutions.com and visit us at www.StaffingCompSolutions.com
Good Luck and good staffing
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.
by David Schek | Apr 7, 2014 | State Workers Comp Fund, Workers Comp, Workers' Compensation Insurance
- Leverage your current client relationships. Determine what other high value/ high margin positions you can supply to each client. Even with clients where you are their 2nd or 3rd choice, you can still distinguish yourself by being able to recruit for positions that other companies can/ will not do.
- Look at how your staff is compensated. Are they paid to only take orders from the current clients, or to keep their eyes open for new clients? Do you have Sales Contests for new clients? Do you regularly ask your staff for ideas to improve your companies sales and profits?
- The industry avg is between 15-19% GP on most light industrial positions (20-25% on 8810’s) . If you are not earning this, then something is wrong with your business model. Sometimes it is simply a matter of raising prices a dime per month over 3-4 months– after explaining to the client how your costs have gone up. I can supply you with your specific State’s Work comp/SUI research to substantiate this fact.
- Can some clients pay you COD so you save on financing costs and in exchange you give them a slight price break?
- Have your staff tele market the staffing firms that are listed on your temp applications as previous employers of your temp applicants? This is a good source for new sales leads of companies that are using temps. Also do you have a referral program for your temps? They can be your best sales people if they are compensated to do so!
- Start your NEW temps out at a wage that is .10-.25 less than what they will get if they stick to the job after 2-3 weeks (or work with you on different jobs for that period of time.) These savings will improve your GP and probably get better performance out of your temps. I find many staffing coordinators are not mindful of this management tool, and do not incorporate incentive raises into the temp pay structure.
Always feel free to contact me about your workers compensation concerns AND staffing sales and marketing issues at david@StaffingCompSolutions.com. I am always glad to help you improve your profits. Also visit us at www.StaffingCompSolutions.com.
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.
