Posts tagged Workers' Compensation
OSHA Penalties to Increase in 2016

On Nov. 2, 2015, President Obama signed the Bipartisan Budget Act of 2015 (Act), which is a two-year budget deal. One provision in the Act will allow OSHA to increase the maximum penalty amounts it imposes on employers that violate occupational safety and health standards. These increases will become effective Aug. 1, 2016.

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Making Construction Workers' Safety a Priority

The National Institute for Occupational Safety and Health constantly looks for ways to lower the amount of work-related injuries and illnesses. For example, they work closely with the construction industry to find ways to protect workers from situations and substances that are potentially hazardous.

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Why it is Important to Review Business Insurance Annually

The majority of new business owners are mostly concerned about everything being favorable for the safety and success of their businesses, which means they must obtain the necessary business insurance. However, complacency can result from success and longevity. For example, if a person started a business 10 years ago with only a small workspace but has an office with multiple workers now, they may still have the same insurance policy they purchased when the business first started. If this is the case, it would be insufficient.

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Why Insurance Companies May Audit Your Insurance Policy

When your business gets a commercial insurance policy, in many cases the premium assigned isn't final. It's actually an estimate. Insurance carriers assign a premium from an informed estimate, based on prior years of business activities.

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