1. Workers’ Compensation Insurance Protects Your Company. The primary purpose of Workers’ Compensation Insurance is to provide coverage for health care costs to an employee injured on the job. If Workers’ Compensation is mandated in your state of operation you must carry this coverage to avoid your company being liable and subject to fines by
Employers have learned that improving the health and wellness of their workforce yields benefits for both the organization and employees alike: When health is improved, employers enjoy a more productive workforce with fewer absences, along with fewer demands on the employer-sponsored health insurance. Employees gain from better health and reduced medical costs. Individuals feel empowered
On Friday afternoon, the NYS Department of Financial Services announced the 2019 Paid Family Leave updates and changes. You can review the updates on the NYS PFL website. As intended, the number of weeks eligible employees can take will increase to 10 weeks, effective January 1, 2019. The benefit will also increase to 55% of
Are you serving on the board of a local non-profit? Or a director of a large corporation? As a director or officer of a corporation or non-profit, you make decisions each day that can result in a lawsuit being filed against you. And those lawsuits don’t just go after business assets; they can put your
Most people can agree that health, happiness, and productivity at work are related concepts. Companies have a unique opportunity to foster all three, with a workplace wellbeing program. During the last decade, workplace wellbeing programs have become commonplace, but what makes a program successful? When trying to figure out the “special sauce” that makes a
A well-known food company recalled two brand-name food products after four customers reported finding metal parts in their food. One of the world’s best-selling auto brands faced an airbag recall. And lettuce grown in Arizona caused dozens of illnesses in 35 states. Product recalls like these are often in the news. They’re especially prominent when
A new law requires employers in New York to adopt a sexual harassment policy and training program that meet certain standards. Details of the new requirements are presented below. Model Policy The state is expected to create and publish a model sexual harassment prevention guidance document and sexual harassment prevention policy. Every employer must adopt
The latest in Cyber Security Trends and News Cybersecurity researchers recently announced the discovery of two major security flaws that could allow hackers to bypass regular security measures and obtain normally inaccessible data. The flaws, referred to as Meltdown and Spectre, are both caused by design flaws found in nearly all modern processors. These vulnerabilities
Over the last ten years, the dramatic rise in health insurance premiums has dominated the headlines. The premium increases are a reflection of the escalating cost of medical services. In the shadow of the health insurance predicament is the same upward pressure on medical expenses within the Workers’ Compensation system. On the job injury claims,
According to the Employee Benefit Research Institute, 78% of employees said the benefit package offered by an employer is either “extremely” or “very” important in their decision of whether to accept a job offer. Yet at the same time, the cost of many benefits, particularly healthcare, is rising. To bridge the gap between what
