Is all workers compensation the same?
Posted: May 24, 2021
In short the answer is no! When you ask an employer why they carry workers compensation the number one answer is "I'm required to by law". This is a good answer and deserves to be the number one answer but are there other benefits? Sure, just as there are drawbacks. Just like General Liability and property insurance, workers compensation protects people from financial losses....
Workers Compensation Payroll Billing
Posted: September 23, 2020
Rather than paying for insurance up to a year in advance and tying up vital cash, premiums are paid as you go one payroll period at a time! With a normal workers compensation policy you have to pay 25% down each year and then make monthly or quarterly payments. Pay as you go eliminates having to make down payments as well as end of year large billing...
Understanding NY Workers Compensation Premium Audit
Posted: July 21, 2020
Your premium is determined by your payroll. The rate is different for each class of employees. Higher hazard classifications such as roofers will have a higher rate per $100 of payroll than a lower hazard clerical employee. But this is not the only concern. What about any 1099 employees or subcontractors you hire? Subcontractors must be covered by Workers’ Compensation insurance. If your...
