Workers compensation insurance benefits are available to employees who are injured or become ill as a result of a work-related incident.
Develops strategies to manage and reduce workers’ compensation costs through effective claim and risk management practices.
Employs systematic reviews and continuous monitoring of claims to guarantee efficient handling and effective cost management.
Implements tailored programs to assist injured employees in transitioning back to work, focusing on recovery and minimizing downtime to maintain productivity.
Develops and enforces comprehensive safety programs to prevent workplace accidents and foster a culture of safety within the organization.
Engages with safety committees to enhance proactive risk management and compliance, equipping teams with essential knowledge and tools.
Provides training and resources to educate clients on best practices for managing and mitigating workplace risks, fostering a proactive safety approach.
Evaluate the experience modification rate to uncover cost-saving opportunities and refine risk management strategies, helping identify trends and areas where adjustments can lead to more favorable insurance premiums and better overall financial outcomes.
Utilizes detailed checklists to ensure compliance with safety regulations and best practices, helping identify areas for improvement.
Conducts surveys to compare safety performance with industry standards, offering insights into standing relative to peers and opportunities for improvement.
When the Consolidated Appropriations Act, 2021 (the “CAA”) was enacted on December 27, 2020, it included a provision that prohibits group health plans and health insurance carriers from entering into certain agreements that, either directly or indirectly, restrict the release of certain information related to provider networks and de-identified encounter data, among other things. Such […]
On September 9, 2024, the DOL, IRS, and HHS released a final rule for the Requirements Related to the Mental Health Parity and Addiction Equity Act (The “MHPAEA Final Rule”). The MHPAEA Final Rule is similar to the Proposed Rule released on July 25, 2023, with some marked differences. While the MHPAEA Final Rule is […]
On October 22, 2024, the Internal Revenue Service (IRS) released Revenue Procedure 2024-40, which increases the health flexible spending account (FSA) salary reduction contribution limit to $3,300 for plan years beginning in 2025, an increase of $100 from 2024. Thus, for health FSAs with a carryover feature, the maximum carryover amount is $660 (20% of […]
Employers are increasingly aware of the need to provide flexible and comprehensive health benefits to attract and retain top talent. While offering multiple health plan options may seem like an added expense, it can actually lead to significant cost savings for companies in the long run. By catering to the diverse needs of employees, employers […]
As a business executive, the decisions you make can significantly impact your company and stakeholders. In today’s increasingly litigious environment, even the most experienced professionals face legal risks that could potentially derail their careers. For executives, having the right professional liability coverage is crucial. This guide highlights key coverage details, industry-specific needs, and strategies to mitigate […]
The transportation industry is the backbone of commerce, moving goods across vast distances to ensure supply chains stay intact. If your business relies on a fleet of trucks, ensuring they are protected is very important to your bottom line. Commercial vehicle insurance helps you comply with legal requirements and safeguards your operations from financial pitfalls in case […]
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