Regulators and Lawmakers Introducing Workers’ Comp to COVID-19
By Jim Sams, April 20, 2020 Sympathetic state lawmakers and regulators in states both red and blue promise to make COVID-19 a major cost driver for workers’ compensation insurers. The…
Browsing Category
Workers Compensation
388 posts
Workers’ compensation is insurance that provides cash benefits and/or medical care for workers who are injured or become ill as a direct result of their job.
Employers pay for this insurance, and shall not require the employee to contribute to the cost of compensation. Weekly cash benefits and medical care are paid by the employer’s insurance carrier, as directed by the Workers’ Compensation Board. The Workers’ Compensation Board is a state agency that processes the claims. If Board intervention is necessary, it will determine whether that insurer will reimburse for cash benefits and/or medical care, and the amounts payable.
WCIRB Releases Cost Evaluation of Conclusive COVID-19 Presumption for Workers’ Compensation
See below from the WCIRB regarding the projected cost of COVID-19 claims to be filed by ‘Essential Critical Infrastructure Workers’….At the low end, if only 4.8% of California ECI workers…
W. R. Berkley Corporation Announces Senior Executive Appointments
It’s refreshing to see some positive non-COVID news from the industry! Congrats to our PEO carrier partner, Key Risk (owned by W.R. Berkley) and its new president, Scott A. Holbrook. …
Workers’ Comp Premiums Could Skyrocket With COVID-19 Claims
Source: Bloomberg Environment Health-care workers likely eligible for workers’ comp Grocery, delivery workers will argue for eligibility Health-care workers and emergency responders will benefit from rules eased in some states…
Brief Update on Recent Activities By David Daniel, Florida PEO Lobbyist
Update on Recent Activities related to COVID-19 from FAPEO There is a lot of COVID-19 related activity we have been working on for Florida PEOs as we face these…
Large Companies Tweaking Sick Leave Policies as the Coronavirus Spreads
Walmart, Uber and Others Tweak Sick-Leave Policies as Coronavirus Spreads The companies, and other businesses, like Instacart, have also said they would compensate workers who contract the virus or are…
Department of Labor Issues Final Rule to Allow Associations and PEOs to Sponsor Retirement Plans
Final rule defines a PEO as an employer under ERISA and clarifies rules for PEOs to offer retirement benefits On July 29, 2019, the Department of Labor (the “Department”) issued…
Workers’ Compensation Claims for Leased or Temporary Workers
Many companies are increasingly turning to staffing agencies to meet their personnel needs for a variety of reasons, including increased workloads and high employee turnover rates. Companies that use staffing…