After an employee is injured on the job, recuperation times can vary, but every day they are away from work, the claim cost increases and your productivity suffers. By implementing a program that offers a good incentive to return, you…
California Insurance Commissioner Ricardo Lara has ordered that the state’s average benchmark workers’ compensation rate be cut by 2.1%, starting Sept. 1. The decision rejected the Workers’ Compensation Insurance Rating Bureau’s recommendation that the benchmark rate be raised by 0.9%,…
Fraud eats away at workers’ comp costs for all businesses, but it hits small firms the hardest as they may not have the resources to identify bogus claims. According to a new study by workers’ comp insurer Employers Holdings Inc.,…
With a significant number of baby boomers in the construction industry, it’s crucial to prioritize their health and safety. Here are key strategies to protect your baby boomer workforce: Understanding the Risks Addressing Challenges Providing Support Changing Attitudes By focusing…
An effective return-to-work (RTW) program can significantly reduce workers’ compensation claim costs. Bringing injured employees back to work as soon as it’s safe can help avoid escalating expenses. Offering modified work duties for those still recovering can prevent costs from…
Hong Kong Company Loses $25 Million in Deepfake Scam A multinational corporation in Hong Kong fell victim to a deepfake scam, resulting in a $25 million loss. Criminals used deepfake technology to impersonate the company’s CFO during a fake video…
In 2024, OSHA has raised penalties for various workplace safety violations. These adjustments, mandated by the Federal Civil Penalties Inflation Adjustment Act, reflect a 3% increase from the previous year, effective since January 16. Here are the updated penalties: Key…
Mitigating language barriers in safety training for employees who do not speak English proficiently is of utmost importance in ensuring workplace safety, especially in industries with a significant non-English-speaking workforce. Your recommendations provide practical strategies to address this challenge. Here’s…
For business owners, undergoing a workers’ compensation audit is a necessary but often unwelcome aspect of managing a company with employees. Unfortunately, insurance companies can occasionally make errors during these audits. Workers’ Compensation Consultants, a Missouri-based firm that specializes in…
When it comes to home improvement or repair projects, it’s common practice to hire contractors, electricians, or other specialized professionals. While cost considerations are essential, choosing a contractor solely based on the lowest bid can expose you to potential risks…