Your workers’ compensation premium is determined by three things: Payroll Class code Experience modification factor Payroll dollars and your industry class code are concrete factors that you generally can’t change. The experience modification factor, however, is something you can actively work to reduce to achieve a better premium. How is the Experience Modification Factor Calculated? […]

Each year, the Occupational Safety and Health Administration (OSHA) tracks and shares its most frequently cited OSHA standards. OSHA hopes that by releasing this enforcement data, businesses will take steps to identify and address potential safety issues.  For the 2019 fiscal year, the 10 most frequently cited standards from 2018 all remained on the list, although their order […]

If your insurance renewal process does not involve a true analysis of your changing needs, you might be a great candidate for a formal risk assessment—a four-step process that helps companies better identify and implement effective risk management strategies.  While it may be easy and familiar to simply retain the coverages you have in place […]