Workers Comp Archives - Page 30 of 41 - Work Comp Staffing Solutions

Staffing Workers Compensation Experts Predict Another 18 Months Of A Hard Market

by David Schek | Jul 15, 2013 | Consulting Services, News, Professional Employer Organization (PEO), Workers Comp, Workers' Compensation Insurance

Staffing Industry Review recently published a very informative article about the current state of workers compensation for staffing companies. They reference several leading experts on their perceptions of where the workers compensation market is heading.

Here is a link to that article-

http://www.staffingindustry.com/Research-Publications/Publications/Staffing-Industry-Review/July-2013/Rising-Tide
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These authorities generally deal with larger staffing companies with sales over 10M and premiums above 200K. From my experience of working with start ups and smaller staffing agencies, the difficult market conditions will exist for a longer period of time since many of these smaller staffing companies are less profitable for these insurance companies or State Funds.

A solution that many smaller staffing companies are selecting is partnering with a Professional Employer Organization or PEO. These PEO’s are experiencing a stabilization in their rates. Because of their huge size, these PEO’s are afforded much lower workers compensation rates than a typical staffing company that may use the State Fund. As a result, the PEO’s pass some of these lower rates to their smaller staffing clients to make and keep them more competitive– like a good insurance partner.

Please feel free to contact me at davidstaffing@gmail.com to discuss how you can start utilizing a PEO partner to better manage your workers compensation costs. Also visit us at https://StaffingCompSolutions.com/Work Comp Staffing Solutions-staffing-consulting-services/ to find out about our other staffing support services.

All the best

David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association

Very, Very Strange Workers Compensation Claims

by David Schek | Jul 9, 2013 | Workers Comp, Workers' Compensation Insurance

Some times my staffing clients tell me that they have seen or heard about every kind of workers compensation claim possible.

After they share a few workers compensation claims stories with me, I would usually have to agree with them. Then I read this recent article (see link below) about some VERY VERY Strange Workers Compensation claims. These claims will leave you wondering whether any work environment is “truly safe.” It may also have you wondering what exactly is a “work environment” when it comes to a workers compensation claim?

— http://www.cracked.com/quick-fixes/5-bizarre-workers-comp-claims-that-were-actually-successful/

I hope these unusual stories help you smile or chuckle a little– especially since these claims did not happen to you. To find out more about the Work Comp Staffing Solutions management consulting services and workers compensation-professional employer organization programs, please contact me at davidstaffing@gmail.com and visit our web site at www.StaffingCompSolutions.com

All the best and we hope you had a safe 4th of July,

David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association

What Happens To Your Costs When the ACA Meets Workers Compensation?

by David Schek | Jul 1, 2013 | Consulting Services, Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance

There are basically 2 schools of thought on this issue. The first school of experts suggest that some workers compensation costs will decrease over time since comp costs will be shifted to ACA plans for the millions of workers who are covered under these new health programs. Which would be great for most staffing companies. Conversely, another school of experts say that the ACA will swamp the existing medical facilities and resources from day 1, forcing workers compensation claimants to wait longer for their treatments (at hospitals and clinics) , resulting in increased workers compensation costs and higher indemnity claims.

This article below discusses these issues in more detail. It also looks at Massachusetts’s experience since 2006 where they have had a similar plan as the ACA, and now have some history as to how it has impacted workers compensating costs.

— http://www.aaos.org/news/aaosnow/nov12/advocacy2.asp

Work Comp Staffing Solutions speaks to many staffing company owners each week. This topic comes up in most of our conversations as more staffing companies sign up to partner with Professional Employer Organizations to help them manage these ever increasing payroll responsibilities and liabilities.

To find out what more staffing companies are doing to manage their new ACA responsibilities while trying to decrease their payroll burden costs, please contact me at davidstaffing@gmail.com or visit us at www.StaffingCompSolutions.com

Finally, be sure to ask us about how we can make your staffing company much more efficient and help grow your sales using Work Comp Staffing Solutions’s “hands on” Consulting Services. https://StaffingCompSolutions.com/Work Comp Staffing Solutions-staffing-consulting-services/

All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association

Managed Care Providers Are No Cure All for Lowering Workers Compensation Premiums

by David Schek | Jun 24, 2013 | Healthcare Insurance, Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance

Most staffing companies learned long ago that sending a workers compensation accident victim to the emergency room is probably the most expensive way to deal with the accident. The expenses generated from having an emergency room treat the employee, are bound to be very expensive– even for minor injuries. As a result, over the last 10-15 years, many staffing companies have wisely developed relationships with managed care providers that are located near their offices– believing that this was the best way to control their workers compensation costs.

Like with so many things in business (especially health care related), these relationships need to be managed carefully. This article explains how managed care companies are often over charging for many of their services, and that Third Party Administrators (TPA) that are supposed to be managing the managed care providers for the staffing companies, are not always doing their job properly.

http://www.businessinsurance.com/article/99999999/NEWS080110/399999535?tags=|331|92

This is another reason why working with a Professional Employer Organization (PEO) can help keep your workers compensation costs as low as possible. The PEO has specially trained staff to manage each accident situation, and make sure that the costs for treatment are reasonable- since the PEO is on the hook for these expenses too.

Please feel free to contact me at davidstaffing@gmail.com to discuss how you can start utilizing a PEO partner to better manage your workers compensation costs. Also visit us at www.StaffingCompSolutions.com to find out about our other staffing support services

Professional Employer Organization Vensure, Provides Insights To The Staffing Workers Compensation Market

by David Schek | Jun 13, 2013 | News, Professional Employer Organization (PEO), Workers Comp, Workers' Compensation Insurance

About a year ago Advance Payroll Funding President Adam Stern, asked Vensure Professional Employer Organization (PEO) about the workers compensation market. I recently re read that article from 2012, and felt that the information was even more relevant today than a year ago. I would like to share it with you via this link.

http://www.advancepayroll.com/full-story.aspx

The reason it is even more important today is that the workers compensation insurance market for staffing companies has become more difficult to navigate and to secure affordable insurance. There are only a handful of qualified PEO’s still accepting staffing companies as clients; and usually only if they are referred by an experienced PEO broker like Work Comp Staffing Solutions. As of June 1, Work Comp Staffing Solutions has over 45 staffing company clients that generate nearly 50M in annual payroll throughout the country.

Please contact me TODAY at davidstaffing@gmail.com and visit our web site at www.StaffingCompSolutions.com for a free PEO quote.

BOTTOM LINE……WE HAVE THE RIGHT PEO RELATIONSHIPS TO HELP YOUR STAFFING BUSINESS.

Workers Compensation Insurance Fraud — This Price Was Not Right

by David Schek | Jun 11, 2013 | News, Professional Employer Organization (PEO), Workers Comp, Workers' Compensation Insurance

This US postal employee seemed to be enjoying the good life while she was collecting workers compensation benefits at her employer’s (the Federal Government) expense. This story/link describes all the fun physical activities she enjoyed while supposedly hurt, and how this abuse went on for years at Uncle Sam’s expense.

— http://www.wral.com/-price-is-right-run-foils-fayetteville-postal-carrier-s-worker-s-comp-claim/12511076/

The good thing about this story is that through the vigilance of a workers compensation insurance investigator, this employee was identified and the fraud was finally stopped– but seemingly after quite a few years. This type of investigation should be happening by all workers compensation insurance companies in order to keep your rates low. It certainly does with Professional Employer Organizations (PEO) where they treat their relationship with you as a real partnership in order to keep costs low.

Please feel free to contact me at davidstaffing@gmail.com and visit Work Comp Staffing Solutions at www.StaffingCompSolutions.com, to discuss how a PEO can both lower your workers compensation costs and reduce your back office expenses.