A workers’ comp captive can be considered a hybrid of both a traditional workers’ compensation insurance policy and self-insurance—and may be just what your business needs.
Tag Archives: Captive Workers’ Comp program
The American workforce is becoming ever more diverse, with 38 percent of the population in 2015 identified by the Census Bureau as non-white. Nearly 59 percent of the workforce is now made up of women, even though they only represent about 51% of the population. And these are just national averages based on current data. […]
The key to controlling your workers’ compensation costs is understanding your experience modification factor and its effect on your insurance premium. Workers’ compensation costs can make or break your bottom line. But control over these costs is more attainable than you may think if you understand your experience modification factor and its effect on your […]
Getting a handle on the rising costs of employee health and wellness programs is a perpetual battle for any business. For most organizations, though, the one area that is often the toughest to tame is workers’ compensation, the state mandated insurance programs that cover work-related illness or injury. Since the 1990’s the average cost of […]
In an odd bit of irony, OSHA (the Occupational Safety and Health Administration) has found that the healthcare industry has become one of the least healthy places to work. A study the agency released last year reports that the number of work-related injuries and illnesses among employees of U.S. hospitals is nearly twice the average […]
Crime in the workplace, mostly in the form of employee theft, is a large and fast growing problem for American business. This is especially true in the retail sector, which is being particularly hard hit. According to Forbes, employee theft costs retailers $60 billion per year, up from $57 billion in 2014. Plus, losses from […]