workers compensation
The following blog posts have the category Workers compensation
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Whether you specialize in carpentry, web design, or accounting, the availability of online resources and professional networks enables almost anyone to engage with potential clients and manage essential day-to-day business tasks independently. This growing pool of freelancers and self-employed professionals has simplified the process for employers, making it easier than ever to hire independent contractors to fulfill specific business needs.
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As a business owner in New York, you have the option of hiring contract or permanent employees – and many more businesses are using contract workers while sorting out the uncertainty in the economy. A contract employee is essentially a freelancer who has agreed to work for you for a mutually-agreed upon period of time, which may be extended if you see fit. A permanent employee has been hired with the understanding that he or she will go on working for you until a termination or a resignation. Both types of employees have their advantages and disadvantages. Some of the advantages of contract employees, however, are illusory.
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When it's time to store your boat for the winter, sit down with a member of the marina's staff and discuss what you can expect to have done. Most marinas are prepared to service your boat efficiently, but you are responsible for seeing that all work is done. Ask that they call you when the winterizing is complete.
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Dear Valued Client:
A 5-Step Checklist for Financial Health in 2017
Tips for Parents To Help Prevent Teen Car Crashes
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Some states mandate comprehensive liability, which covers bodily injury and property damage.
May is Motorcycle Safety Awareness Month, designed to encourage all drivers and motorcyclists to share the road with each other. Increased awareness of motorcycle safety has helped improve the number of injuries and fatalities of motorcyclists.
When an employee in New York gets injured on the job, the negative repercussions can affect everyone. Worker's Compensation Insurance ensures that both employees and employers are protected in the event of a worker accident, illness, or injury.
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10) Multi-State operations are covered under one policy.
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Understanding whether your business needs Workers’ Compensation coverage can be difficult.But it is important to make sure you have the proper coverage.President Anthony Sce' III and E.I.F.S. can help you to understand your business's needs.Watch our informational video and then give us a call.
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Tired of Premium Audits?
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DO YOU HAVE EMPLOYEES?!?!? If you have one or more employees working in NY State you are required to obtain NYS Workers’ Compensation insurance coverage.The Workers’ Compensation Insurance Policy must be effective no later than the first day you have employees. Understanding whether your business needs Workers’ Compensation coverage can be difficult.But it is important to make sure you have the proper coverage.The agents at E.I.F.S. are experts in Workers’ Compensation and can make sure you have the coverage you need. View Our Informational Video Here is some more information to help get you started: But it is important to talk to someone to be sure your business is correctly covered. Family Businesses: Family member who work for the business, including spouses, are considered employees if they work 40 hours a week or live on the premises. If it’s a home business you must have a separate Workers’ Compensation policy. General Contractors: General Contractors should carry a Workers’ Compensation insurance policy if hiring sub-contractors. When Hiring Independent/Sub Contractors: A true independent contractor is self-employed. He or she has a Federal ID# and maintains a business location.In this case the party responsible for Workers’ Compensation depends on the number of hours worked, the method of operations, the raw materials and state laws.Even if you think that they are responsible for Workers’ Compensation, you want to clear on this upfront and have contracts in place specifying whom is responsible for Workers’ Compensation. This is not just in the contracting arena; this is true for any sub-contractor, for example a website designer. Volunteers: If they volunteer without pay or compensation then they are not employees and do not need Workers’ Compensation, but covering them could avoid costly lawsuits. Sole Proprietorships/Partnerships – You can choose if you want to be covered or not, but the safer choice is to cover yourself in case an injury occurs while on the job. Many health insurance policies will not cover work related injuries.If you’re not 100% sure that your business falls into this category, call us to be sure. (888)-343-7463 Special Employees – If you have special employees such as temps, borrowed employees or leased employees you want to be certain about who must provide Workers’ Compensation. Usually the company or the person who controls the work is also responsible for Workers’ Compensation. If you’re not sure, contact us (888)343-7463 and we can help you figure it out. Failure to obtain a Workers’ Compensation Policy when required constitutes a Class E Felony if you have more than 5 employees and a misdemeanor if you have less than 5 employees and it can cost you a large sum of money in penalties and the cost of a claim in an injury occurs. If you’re unsure if your business needs Workers’ Compensation, call or contact Executive Insurance & Financial Services and let our licensed & knowledgeable professionals guide you. 888-343-7463 Learn the Top 10 Reasons to Call E.I.F.S. for your Workers' Compensation Policy!
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Having Trouble Understanding Workers' Compensation? Want help arranging your Workers' Compensation Policy?
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A REAL LIFE SCENARIO: When your Worker’s Compensation Lapses Agent: Jason B. This is a problem incurred by a new client at EIFS.For our EIFS clients, 99.9% of the time, this problem could not happen because of the system of ‘checks and balances’ we have in place to make sure that we, as your agents, stay on top of these type of issues for our clients. This is a true scenario.The company name has been altered. We had only recently started working with our new client (TGS) when I received a phone call from a Collection Agency on behalf of the Workers Compensation Board regarding a fine that TGS incurred for having a Workers Compensation policy lapse for 60 days prior to coming to our agency. The Penalty: $12,000 The Collection Agency asked us if we knew how to get in touch with the owner of the company since they had been trying to reach them for some time but they had not responded to their calls. Rather then letting the client handle a situation that they have no experience with, I asked if I could help to remedy the situation on the client’s behalf. I immediately contacted TGS and explained to them the urgency of the situation and advised them that by not responding to the penalty letters they had received only made matters worse. I volunteered my expertise to help them to solve their problem and they were most grateful for my assistance. I explained that they would have to pay a fine, but that I would do my best to bring it down as much as possible.I acted quickly on behalf of our client and consulted with an attorney along the way to be sure I was dispensing the best advice I could.After negotiating with the collection agency the penalty was reduced from $12,000 to $4,500. My client is ecstatic and the Worker’s Compensation Board is satisfied and the case is closed. At EIFS we will work with you to ensure that you never have an issue regarding your Worker’s Compensation Policy.
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No matter if your food service establishment is a cafe, deli, diner, or upscale restaurant, all such businesses share certain common risks.
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