Workers’ Compensation Insurance
Let’s manage your risk to reduce claims.
What You Need to Know
Regardless of the industry, an employer can follow these best practices to reduce the severity and frequency of workers’ compensation claims and their rising costs.Read more
Businesses are running leaner, which makes the loss of experienced workers due to injuries a bigger threat to operations. Avoid these common workers’ compensation mistakes.Read more
It’s not enough to know the basics of workers’ compensation. There are a lot of moving parts to understand. But when managed properly, those elements can have a positive effect on controlling costs. Follow this simple three-part strategy to get started.Read more
Overexertion and falls account for more than 40% of the top 10 workplace injuries, according to a leading study. And those injuries cost organizations as much as $25 billion each year. But with a little extra effort and consideration, employers can minimize those and other injuries and reduce claims.Read more
Can misclassifying your employees make you liable?
“To be, or not to be?” — as an employer, that’s a question you need to ask about the people working for you. Should they be regarded as employees or independent contractors? It’s an important distinction, given that if you classify them the wrong way you could be on the hook for retroactive workers’ compensation coverage (not to mention federal and state taxes) if those individuals are laid off.
So how do you determine if a worker is an employee or an independent contractor? The first step is to explore the business relationship that exists between your organization and the worker. The general rule is the more control your organization has over the worker, the greater chance he or she will be considered to be an employee.
According to the IRS, worker classification can be determined by the following criteria: