Anita Byer Florida employers will be paying less for workers’ compensation insurance next year. The Florida Office of Insurance Regulation approved a statewide overall average rate decrease of 6.9 percent for workers’ compensation insurance premiums. It will be the ninth consecutive year with a rate decrease....
Anita Byer Florida employers may be paying less for workers’ compensation insurance next year. The National Council on Compensation Insurance (NCCI) is recommending an average rate level decrease of 6.9 percent for the voluntary market effective January 1, 2026. NCCI, which is authorized to recommend rates...
When purchasing workers' compensation insurance, employers must consider all states where an employee could be entitled to file a claim. Failing to do so can create significant gaps in coverage, leaving businesses exposed to liability and payment obligations. The risk of such gaps is particularly high...
By Anita Byer, Setnor Byer Insurance & Risk The Occupational Safety and Health Administration (OSHA) recently revealed a preliminary list of the most frequently cited safety violations for fiscal year 2023, which ended September 30th. The announcement, which was made at the 2023 NSC Safety Congress...
By Anita Byer, Setnor Byer Insurance & Risk Florida employers may be paying less for workers’ compensation insurance next year. The National Council on Compensation Insurance (NCCI) is recommending an average 15.1 percent rate level decrease in Florida’s voluntary workers’ compensation market for 2024. NCCI, a...
By Anita Byer, Setnor Byer Insurance & Risk The Occupational Safety and Health Administration recently published a final rule that creates a new injury and illness reporting requirement for employers operating in certain industries. As of January 1, 2024, establishments with 100 or more employees operating...
By Anita Byer, Setnor Byer Insurance & Risk Company-sponsored social and recreational events have become common in today’s workplace. They can be a great way to recognize achievements, celebrate holidays, strengthen bonds, build moral or just let off some steam. But what happens if an employee...
By Anita Byer, Setnor Byer Insurance & Risk Florida employers will be paying less for workers’ compensation insurance in 2023. The Florida Office of Insurance Regulation approved an overall average statewide decrease of 8.4 percent in workers’ compensation insurance premiums. The rate decrease will apply to...
By Anita Byer, Setnor Byer Insurance & Risk Florida employers may be paying less for workers’ compensation insurance in 2023. The National Council on Compensation Insurance (NCCI) is recommending an overall average rate level decrease of 8.4 percent for next year. The proposed rate reduction filed...
By Anita Byer, Setnor Byer Insurance & Risk Did you know that the risk of workplace injuries is higher among first-year employees? A recent analysis of workers’ compensation claims by Travelers revealed that an employee’s first year on the job is often the most dangerous. Thirty-five...