Low down payments, no estimates & easy end of year audits are some of the benefits associated with pay as you go workers' compensation.
If you offer employee benefits or a retirement plan, these are important terms to know.
IMPORTANT NOTE: Using a third party administrator is likely not enough to offset an employer's fiduciary liability.
Your experience modification (x-mod) can positively or negatively affect your business’ workers’ compensation premium. A “normal” x-mod is 1.00 anything over that (e.g., 1.50) leads to increased premium; anything lower than 1.00 (e.g., 0.78) leads to a discounted premium.
Are you aware of the risks nonprofits face? Due to the nature of nonprofits, there are some risks that need to be addressed.
For OSHA reporting, many employers with a total of 10 employees or more (at any time during the last year), are required to keep and post OSHA summaries. There are some partially exempt industries, however.